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.
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.

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.
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.

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