High Demand Forces U.S. Mint to Reduce Allocations Again!
This is becoming a bit of an annoyance: Allocations of gold and silver American Eagles are being reduced…again. Mint spokesman Michael White said September 30 that demand for gold and silver American Eagles has been extraordinarily strong all year, with demand exceeding the Mint’s capabilities to acquire the necessary planchets to fulfill that demand. I find it very interesting that during the huge increase in demand since early 1998, gold was on its way to setting 20-year lows. This increase in global demand (during a period of falling prices!) leaves a lot of room for intellectual discussion and speculation as to why citizens around the world feel a need for a hedge like gold!
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