The increase in demand for gold investment coins

Gold Investment - 23 May 2011

Since the price of gold has dropped there has been an incredible increase in the demand for gold coins. This demand has never been so great since the economic crisis of 2008 in the USA. There has recently been sales of these coins that amount to 85 000 ounces.

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The increased demand for gold bars and coins has been noted in South Africa as well according to South Africa's Rand Refinery. UBS and Standard Bank further back this observation.

In America, the Eagle coin is about 5 percent more valuable than wholesale bullion gold. Bloomberg, of the gold coins dealer APMEX, expresses the sentiment that now more than ever, investors should be investing in gold. APMEX reports that they have enjoyed incredible sales of gold in the months of April and May. This was according to the CEO Michael Haynes.

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The spring festival of Akshaya Thritiya in India witnessed record sales of gold happening. This is where the number 1 buyer of gold resides. This information was reported in the local Indian newspaper. As India's banks only sell gold coins and small bars of gold, they miss out on a lot of the gold that is sold in the form of jewelry. That aside, one bank reports that gold sales have doubled over the last year.

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