Gold prices are ablaze. The yellow metal in New York on Monday hit a new all-time record of $1,174 an ounce, rising for a straight seven days.
During that same time frame, demand for 2009 American Gold Eagle bullion coins shot up as well. The latest United States Mint sales figures show another 46,000 of the one-ounce gold coins were sold to Mint authorized purchasers from Monday, Nov. 16, to Monday, Nov. 23.
That overshadows the prior seven day sales of the 31,500 reported on the 17th, the 29,000 cited on the 10th, and the 39,000 reported on the 3rd. November has been a bullish month. 106,500 have left US Mint inventories, bringing the year-to-date total to 1,176,000. By comparison, 860,500 ounces of Gold Eagle bullion coins were sold in all of 2008.
American Gold Buffalo and American Silver Eagles are moving fast also, although their numbers retreated slightly with respective gains of 11,000 and 710,000 from prior increases of 12,500 and 775,000.
2009 US Mint Bullion Coin Sales
|Silver Eagle Sales||25,006,500||25,716,500||710,000||2.8%|
|Gold Eagle Sales||1,130,000||1,176,000||46,000||4.1%|
Bullion Coins Sold by Month
|Silver Eagles||Gold Buffalos||Gold Eagles|
*Sales figures as of Nov. 23.