Daily Archives: March 16, 2009
Gold Drops First Day in Four, Silver Declines
Gold fell Monday for the first time in four days as silver, platinum and U.S. stocks also finished lower. Crude-oil gained. For the ...
Gold Eagle Coin Bullion Sales at 10-Year High
The US Mint's recent actions to temporarily suspend production of collectible 2009 gold and silver American Eagle coins in order to produce their bullion counterparts is, to say the least, annoying to many coin collectors. Worst of all, it could be many months before the collector coins are offered since bullion coin sales are off to their quickest pace in 10 years.
The collector community may be able to empathize somewhat by stepping back from emotion over the Mint directives and instead focus on the reality -- and the biggest angst that has driven many recent Mint decisions, the "unprecedented demand" for gold coins.