No One Can Call Gold A Safe Haven Ever Again
In April, sales of gold coins by the U.S. Mint rose to the highest since December 2009.April sales totaled 209,500 ounces, up from 62,000 ounces in March, data on the mint’s website show.
The amount for December 2009 was 231,500 ounces. Silver-coin sales rose to 4.2 million ounces from 3.36 million in March.
“People are flocking to buy physical gold,” Todd Dutkevitch, a senior account executive at Los Angeles-based American Bullion Inc., said in a phone interview with Bloomberg news. “The price drop has made it possible for many retail buyers to add gold.”