US Mint on Track for Worst Gold Coin Sales Since September

Bloomberg reported that gold’s recent price increase has put the US Mint on track to record its worse month of gold coin sales since September.

As quoted in the market news:

The volume climbed to 24,500 ounces so far this month from 91,500 ounces in January, which was the highest since April, mint data shows. Coin sales totaled 80,500 ounces in February 2013, and 13,000 ounces in September.

‘Many physical buyers have retreated after the surge in prices,’ Miguel Perez-Santalla, a vice president at New York- based BullionVault, an online service for buying physical metal, said in a telephone interview today.

Click here to read the full Bloomberg report.