World Gold Coin Sales Set New Records

By Michael Pennington © Copyright 2010 Pennco Coins

Gold prices have set on fire but the demand for gold coins seem to have emerged stronger than ever with global investors going on the buying spree last year. As per the available statistics, investors bought 228.5 tons of gold in the form of bullion coins, up by over 195% since 2000, when the investors bought 77.4 tons of gold coins.

A London-based precious metals consultancy, GFMS has revealed that investors’ preference for gold coins has emerged stronger than ever even when the prices have been shooting up. Since the beginning of 2009, Gold prices have appreciated by 40% hinting at a correction in recent times.
For now, the general trend over short term basis is still to the upside. In the latest first quarter 2010 report on demand and consumption of gold in the world, the World Gold Council revealed that ‘net retail investment demand, which covers retail bar and coin demand, was 26% up on the first quarter of 2009 at 182.5 tons. Secondly, the demand for gold as an investment medium will be driven be the demand from the key investing countries like China, who are aggressively promoting gold investments. If you doubt China’s commitment to Gold, please take a minute and watch the video below. It will definitely surprise you.

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This entry was posted in Buffalo, Bullion, Coin, Dollar, Eagle, Federal Reserve, Gold, Gold to Silver Ratio, Government, Investment, Maple, Mint, Palladium, Peso, Philharmonic, Platinum, Silver, Tax and tagged , , , , , , . Bookmark the permalink.

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