The US Mint had sold 62,000 ounces of thegold coins by the first week of May. The American gold eagle had already crossed 57% of the total April 2011 sales, within the first 10 days of May and the US Mint believes the gold coins sale could hover around 240,250 ounces, going by the trend. The other highs the American gold eagle coins achieved were 231,500 ounces sales in December 2009 and 269,000 ounces in March 1999.
Full story: http://www.planetinsane.com/us-mint-sold-62000-ounces-of-gold-coins-by-the-first-week-of-may/2617516/
For thousands of years Precious Metals (PM) such as Gold (Au) and Silver (Ag) have been utilized as real money for exchange, wealth store, and metric of value. While I am NOT an advocate of one single commodity backing our money (like a gold standard), I do believe that the price trend of PMs are the most important indicators of the value of fiat money, plus the crimes of corrupt banking corporations and governments that manipulate PM prices. The "Canary in the coal mine" is Gold - AuCanary.
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