High Global Demand for Gold Coins

With the U.S. Stock and real estate markets losing value, people around the world have been investing in gold coins.  The demand for gold coins has been so much so, that even as the price for Spot gold has dropped government mints around the world have had trouble filling the high demand for orders.

Coin dealers are seeing so much demand that they’re having to allocate who gets these gold coins.  This is occurring even as dealers are raising their premiums because of the high demand.  The safe haven of gold coins is not new though.  Gold has always been considered a safe investment in times of uncertainty and declines in other markets.  With a lagging economy and the US in recession, many feel that investing in gold coins keeps them safe from the fear of future inflation rising in the value of paper currencies dropping.

It’s curious though.  Even as the commodities markets have recently fallen from their highs, demand and gold coins has actually increased.  Spot gold hit a high of 1000 US dollars in March of 2008 comment has fallen to the $700-$750 mark in November, 2008.  Meanwhile demand for gold coins such as the Canadian Maple leaf gold coin, or the Krugerand gold coin of South Africa has grown high.

“Bill Murphy, chairman of the Gold Anti-Trust Action Committee, says the price of spot gold is even more perplexing given the demand for coins and the fact that central banks in Europe have stopped selling gold into the open market.

“Gold should be moving up,” Murphy says. “How could there be such a dichotomy between the historic high premium for coins all over the world and the low Comex price?”

Even with the high demand for gold coins, you’ll still find plenty of gold coins for auction here at coinsmall.com.  Invest in gold coins now to insure yourself safety from future inflationary times.

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