Physical Gold Demand Booms Despite Sharp Price Decline in 2013
January 3, 2014
GOLD COIN SALES ARE BOOMING
Physical Gold Demand Booms Despite Sharp Price Decline in 2013
Physical Gold Demand Strong in 2013. The Wall Street Journal is reporting that sales of gold coins are booming even as the metal’s price is falling. The demand for gold coins rose 63% to 241.6 metric tons during the first three quarters of 2013, according to the World Gold Council.
Gold Coin Sales Soar. Sales of Gold Maple Leaf coins by the Royal Canadian Mint surged 82.5% to 876,000 ounces in the first three quarters of 2013 from the same period of 2012. The Perth Mint, Australia’s national coin and bar producer, saw sales rise 41% to 754,635 ounces last year, while the U.S. Mint sold 14% more American Eagle gold coins than it did in 2012, along with a record amount of silver coins.
Record High Demand Amid Falling Prices. Precious metals remain one of the only asset classes to protect your portfolio from a globe awash in unprecedented amounts of paper debt. The disparity between strong demand and current prices represents a unique window of opportunity for taking/adding to a position.
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When North Korean leader Kim Jong Un ordered the killing of his uncle Jang Song Thaek for treason, he didn’t use the usual method of firing squads with machine guns. Instead, Jang was stripped naked and thrown into a cage, along with his five closest aides. Then 120 ravenous dogs, starved for three days, were allowed to prey on them until they were completely eaten up. This is called “quan jue”, or execution by dogs.
From 1946 to 1970, federal records show, 55-gallon drums and other containers of nuclear waste were pitched into the Atlantic and Pacific at dozens of sites off California, Massachusetts and a handful of other states.
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The National Security Agency is racing to build a computer that could break nearly every kind of encryption used to protect banking, medical, business and government records around the world.
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