US Mint Suspends Sales Of Small Gold Coins – Premiums Rising

Today’s AM fix was USD 1,424.50, EUR 1,095.52 and GBP 932.63 per ounce. 
Yesterday’s AM fix was USD 1,417.25, EUR 1,091.70 and GBP 931.05 per ounce.


Cross Currency Table – (Bloomberg)

Gold fell $10.50 or 0.74% yesterday to $1,414.90/oz and silver lost 1.8%.

The U.S. Mint is suspending sales of one-tenth oz American Eagle gold coins. The Mint says that sales are suspended as inventories are depleted and need to be replenished.

Demand for one-tenth ounce gold coins is up 118% from a year earlier.


Gold in USD, 1 Year – (Bloomberg)

The Mint’s American Eagle Gold Bullion Coins are offered in four sizes: one ounce, one-half ounce, one-quarter ounce and one-tenth ounce.  The Mint confirmed that their sales on all sizes of coins have increased two fold compared to the same period in 2012.

The Mint is still offering other gold coins including 1 oz American Eagle coins, 0.5 oz coins and 0.25 oz coins. 


Gold in Euros, 1 Year – (Bloomberg)

Premiums are rising on all gold and silver bullion coins and bars and there are delays developing for certain bullion products – especially silver coins and bars.


Gold in Brittish Pounds, 1 Year – (Bloomberg)

The recent fall in the price of gold has proved to be a gift to other investors as small denomination bars, at the time of writing, are now difficult to source in India, Singapore, Japan, China and Europe.

GoldCore’s April Insight
In this month’s edition of Insight Chris Sanders argues that the real issue is that we are not accumulating enough capital to replace depreciating assets, particularly with regard to the production of energy. Accompanying this alarming reality is the apparent reckless abandon with which the banking fraternity in the US is ‘bending’ COMEX’s rules and over in Cyprus, treating depositors’ savings as their own personal safety net.

In this edition of GoldCore Insight you will find out about:

The Cyprus rubicon – depositors’ savings are fair game

How energy will shape our future

The importance of owning physical bullion

Download here

NEWS
Gold Resumes Climb as Physical Purchases Temper Drop in Holdings – Bloomberg

U.S. Mint suspends some gold coin sales after demand surge – Reuters

U.S. Mint Suspends Sale of Smallest Gold Bullion Coin – Wall Street Journal

Indian Jewelers Offer Premium on Gold Imports as Demand Surges – Bloomberg

COMMENTARY
Video: Gold Market: Who’s Buying, Selling and Holding? – Bloomberg

Video: Ron Paul on Gold: No One Knows Value; I’m Buying – Bloomberg

Gold: Three Essential Charts – The Telegraph

Gold rush is silver lining for bullion – IOL

For breaking news and commentary on financial markets and gold, follow us on Twitter. 

 

 

 

 

Mark OByrne

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