As per the available statistics, investors bought 228.5 tonnes of gold in the form bullion coins, up by over 195% since 2000, when the investors bought 77.4 tonnes of gold coins.Interestingly, gold bars seem to have fallen by the wayside. There's a certain irony in the fact that the chief purveyors of bullion coins, which flow into the hands of libertarian-saturated gold bulls, are government-owned mints.
A London-based precious metals consultancy, GFMS has revealed that investors’ preference for gold coins has emerged stronger than ever even when the prices have been shooting up. Similarly, exchange-traded funds (ETFs) have also been high in demand especially for the retail investors.
Friday, May 28, 2010
Popularity Of Gold Coins Shoots Up This Decade
According to a report in Commodity Online, demand for gold coins has ramped up by 195% this past decade.