Loading ...Demand For American Gold Eagles Explodes
The mint sold 147,000 ounces of American Gold Eagles in varying denominations totaling 200,500 coins. That was a 67% increase from March.
So far this year, the US Mint has sold 661,500 ounces of American Eagles. For the year, gold bullion demand is up a staggering 617%. When you factor out COVID-19-related sales disruptions, bullion sales are up 400% over the 5-year average between 2015 and 2019.
A market strategist told Kitco News that the surge in demand for physical metal reflects growing investor anxiety bubbling under the surface.
https://www.zerohedge.com/markets/demand-american-gold-eagles-explodes