US Mint Gold Bullion Coin Sales

Recent years have seen countless claims that gold and silver prices have to head far lower, implying demand is low or supply is high.  But the actual data continues to prove this false, showing precious-metals bearishness is rooted in sentiment and not fundamentals.  One fascinating microcosm of gold and silver demand comes in the form of the US Mint’s sales of its popular American Eagle bullion coins. When American investors buy physical gold and silver bullion, it’s often in the form of these American Eagle 1-ounce coins.  They have a really interesting history.  Back in the early 1980s, foreign national gold coins led by South Africa’s famous Krugerrand were soaring in popularity.  The US Congress didn’t want the States to be left out of the prestigious national-gold-coin business, so it finally acted in 1985.

First published here: US Mint Gold Bullion Coin Sales