Sunday, November 29, 2009

The Suspending Gold Rush

"The rush by retail investors into gold has forced the US government to suspend sales of the American Eagle, the world's most popular bullion coin, after it ran out. The suspension, the second since the start of the financial crisis in August 2008, is the latest sign of investors seeking a safe haven in bullion amid the woes of the US dollar. Gold sales have also benefited from concerns about the health of Wall Street and worries over a possible spike in inflation due to a lax monetary policy. 'The US Mint has depleted its current inventory of 2009 American Eagle 1 ounce bullion coins due to the continued strong demand,' the mint said. It added that selling would resume 'once sufficient inventories ...can be acquired to meet market demand'."
The entire article:

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