Coin Investors Among The First To Jump Back Into Gold And Silver

IMG Auteur
Published : January 31st, 2012
201 words - Reading time : less than a minute
( 0 vote, 0/5 ) , 1 commentary
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
1
comment
Our Newsletter...
Category : Market Analysis

 

 

 

 

Retail buyers are acquiring gold and silver coins in what could be an early sign of a rally in precious-metal prices, the Wall Street Journal reports.

“After a steep decline in the value of gold and silver in the final month of last year, coin investors and collectors have been among the first to jump back into the markets and take advantage of what they see as bargain prices compared with the peaks of 2011”, its report said.




In comments made for the article, Perth Mint sales and marketing director Ron Currie underscored the view that retail buyers were becoming more active, stating that the Mint’s gold coin sales during December and January are up around 80% compared with the same months a year earlier, while silver-coin sales have doubled.

"Numismatics used to be the realm of the retired, but that just isn't the case anymore," Ron told the publication. "Just about anyone and everyone walks into the shop these days, from the guy who has just become a grandparent and wants to buy a present for his grandchild, to full-time investors looking for something that has legal tender status."

Read the WSJ story (subscription required): Gold's Fall Draws Coin Fans

 

 

<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
  All Favorites Best Rated  
Notice Canadian Mint new Polar Bear with 7.96 gm silver ($10) and $20 face value. Anyone else doing this?
Latest comment posted for this article
Notice Canadian Mint new Polar Bear with 7.96 gm silver ($10) and $20 face value. Anyone else doing this? Read more
frankkarl - 2/1/2012 at 7:28 PM GMT
Top articles
Latest Comments
Top Ten Reasons I Buy Gold Silver [#7] - These Assets Come With a ...
21 Sepvictoriashores1
HI Jeff I have read your articles with a lot of interest in your feelings with the future of Gold and Silver. I'm 75 years of age and have ...
What Is the Correct Amount of Money?
20 Sepgfs543
If money is the heart of the economy, then the economies of the world are running with diseased hearts. Keynesians and other monetary intervention...
Pushback
20 SepGypsy
James, you're getting more difficult to read. As a Deplorable, I realize my under-education leaves me at a disadvantage when faced against the Mer...
Pushback
18 Sepdennyc3
If a university professor has been on the job for more than five years without venturing out into the world there's usually nothing to learn here. ...
Rude Awakening for the US in January? No, Just More Alarmist BS Fro...
18 SepDRGEORGE
The world & the US $ have been on the brink for 10 years (or more). In 2008 it nearly happened but giving the 1% a stack of money saved the day. It...
'No evidence' of gold market manipulation, CPM Group's Christian in...
15 Sepneville
Despite being a so-called GOLD website ,I have read more anti GOLD articles on kitco than on any other site. Yes chris you are absolutely corre...
Rude Awakening for the US in January? No, Just More Alarmist BS Fro...
15 SepSilverthumb2
I used to enjoy listening to Rickards. He sold out when he signed on with Agora Financial. Now he's just another ranting alarmist trying to get ri...
What's Killing the Jobs Market?
13 SepJ.0
It is hard to know where to begin to respond to your comment Recusant. You do not seem to understand how markets work. So, I'll throw out some po...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS