Saturday 27 June 2009

How Will the Gold Bullion Coin Shortage End?

The US Mint produces two different gold bullion coins for stockholders in expensive metals.

A 2nd Gold Eagle Coin offering was introduced in 2006. This coin was struck in twenty-four karat gold, in comparison to the twenty-two karat gold of the previous coin. The bullion coins have only been produced in one oz size. The US Mint competes with other world mints to deliver gold bullion coins to financiers.

Mints around the Earth must compete for a finite supply of gold blanks to supply their bullion coins. In Sep 2008, a corresponding situation arose with the Yankee Gold Buffalo coins.

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