Coin Collecting News » Gold & Silver Bullion
World Gold Demand Jumps 36% with ETF Investment Demand Rising 414% to 291.3 Tonnes
Gold demand reached 1,050.3 metric tons in the second quarter, 36% higher than the same quarter in 2009, mostly thanks to soaring investment demand According to the WGC?s Gold Demand Trends report for Q2 2010, published today, demand for gold for the rest of 2010 will be underpinned by the following market forces: * India and China will continue to provide the main thrust of overall growth in demand, particularly for gold jewellery, for the remainder of 2010. * Retail investment will continue to be a substantial source of gold demand in Europe. * Over the longer-term, demand for gold in China is expected to grow considerably. A report recently published by The People?s Bank of China and five...
Prices for Proof American Eagle Gold Coins Tumble
By Steve Roach – First published in the Aug. 30, 2010, issue of Coin World Proof American Eagle gold coins have provided some sparks in the marketplace this past year, but the fast fall in prices over the past several weeks serves as a reminder that what goes up usually comes down. Some major buyers have stopped buying these and prices have fallen sharply. For some smaller dealers who were stockpiling the coins in anticipation of continued demand, the change in the market means they have lost substantial money, for now, as the coins are now worth substantially less than what the dealers paid for them. During July, several large dealers were paying between $1,950 and $2,000 per ounce fo...
Gold Shipwreck Bar Valued at $550,00 Stolen from Mel Fisher Museum
One of the most iconic and best-known objects’ at the Mel Fisher Maritime Museum was taken. The gold bar came from a 1622 shipwreck that Fisher discovered. The Mel Fisher Maritime Museum in Key West, Florida holds the richest single collection of 17th-century maritime and shipwreck antiquities in the Western Hemisphere, including treasures and artifacts from the Atocha and Santa Margarita. It was reported that two thieves entered a museum shortly after closing at 5PM and stole a 74.85-ounce, 11-inch (28-centimeter) gold bar which was inside a glass display case with a small opening where visitors could stick a hand inside and lift the bar to examine it. Photo Credit: Miami Herald/Flo...
Perth Mint Unveils the Gold and Silver Bullion Coins to be offered in 2011
Recognized throughout the world for their superior quality, superb artistry and Government guarantee of weight and purity, the Perth Mint has unveiled it?s 2011 Australian Bullion Coin Program. These pure gold and silver coins are actives sought after by both investors and collectors. The comprehensive line-up for 2011 includes two designs for gold bullion coins ranging from 1/20oz up to 10 kilos and three designs for Silver bullion coins from 1/2oz up to 10 kilos. Struck by The Perth Mint from 99.99% pure gold, each coin is issued as legal tender under the Australian Currency Act 1965, the undisputed guarantee of its weight and purity. Portraying creative new reverse artistry, every 2011 go...
UPWARD TREND IN GOLD PRICE DURING SECOND QUARTER 2010 BACKED BY STRONG FUNDAMENTALS, SAYS THE WORLD GOLD COUNCIL
Mixed economic news around the world, concerns over a double dip recession and significant fiat currency weakness meant gold retained its lustre as a protector of wealth during the second quarter 2010, according to the World Gold Council?s (WGC) latest Gold Investment Digest (GID). The quarter recorded significant net inflows into various gold-backed investment vehicles, as investors sought to harness gold?s investment benefits at a time of weakness and pronounced volatility in other asset classes. While China has remained resilient, GID also suggests that jewellery demand in other key markets has continued to recover from a weaker 2009. The report, which was published today, showed: Heig...