Worst August Since 2007 for US Mint Gold Coins Sales - 3 September 2012
Last month however was the worst August for Gold Coins sales in five years.
The US Mint sold 39000 ounces of its America Eagle bullion Gold Coins – which it produces specifically for Gold Investment purposes. August's sales were down 65% compared to the same month last year, and were lowest for August since 2007, when 22000 ounces were sold.
Silver coin sales also saw a year-on-year decline, although this was less steep than that for Gold Coins. Silver American Eagle sales fell 22% to 2.87 million ounces, the lowest August figure since 2009.
August 2011 saw the Gold Price set a series of records on its way to the current all-time high of $1920 per ounce.