March Sees Healthy Sales of US Gold and Silver Coins, Reports Gold Price

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Although exchange-traded funds have seen over $5 billion in outflows this year, sales of physical US gold & silver coins are still going strong, and are possibly on track to break records, reports American gold dealer, Gold Price.

Gold Price - GoldPrice.net

Gold Price - GoldPrice.net

Investing in gold to profit and protect wealth right now is the right choice, because when inflation does hit, those who didn’t anchor their finances with the tangible value of gold are going to regret it.

Sales of American Eagle gold and silver coins increased this week in response to the yellow metal showing modest gains on Monday and then soaring to a two week high of $1,598.80 on Wednesday. According to Coin News, 665,500 Silver Eagle coins were sold on Monday, bringing the 2013 total sales to 12,429,000 so far. Silver Eagles have had annual sales of over $12 million since 2008, but they have never reached the milestone so quickly, hinting at the possibility that 2013 could be a record breaking year for the coin.

YTD US Mint gold coin sales are up, as well, although in not as impressive numbers:

  •     $50 American Eagles: 215,000
  •     $25 American Eagles: 24,000
  •     $10 American Eagles: 40,000
  •     $5 American Eagles: 195,000
  •     $50 American Buffalos: 89,500

Arthur McGuire, Vice President of Gold Price, says, “It’s clear that investor interest is shifting towards physical gold. February’s $4.1 billion ETF outflows were a monthly record, nearly twice as much as the previous high of $2.6 billion in January 2011. Our analysts here at Gold Price believe that this is due to waning faith in the economy, despite the recent stellar performances of the Dow Jones and S&P 500. Our economy is settling into what seems like perpetual monetary easing, and that fuels justifiable fears of hyperinflation in the years to come. Investing in gold to profit and protect wealth right now is the right choice, because when inflation does hit, those who didn’t anchor their finances with the tangible value of gold are going to regret it.”

Gold Price (GoldPrice.net) is a leading precious metals advisor with headquarters in New York, California, Texas, Utah, New Mexico and Puerto Rico. A direct gold and silver dealer as well, Gold Price specializes in purchasing, selling and trading physical gold and silver such as modern bullion bars and coins and certified rare coins. Investors can visit http://www.goldprice.net or call 1-800-767-1423 to receive a free award-winning gold starter’s kit.

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Arthur McGuire
Gold Price
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