Royal Mint sales of gold coins triple!
LONDON, England (PNN) - April 24, 2013 - In an unusual circumstance, yesterday the Fascist Police States of Amerika Mint announced it had halted shipments of the popular one-tenth ounce gold Amerikan Eagle coin because it had run out following a surge in demand for the coin.
Michael Kramer, president of Manfra, Tordella & Brookes, a major FPSA coin dealer in New York, has been inundated by orders from existing and new wholesale and retail customers.
It's a gold panic. This is one of the busiest times in quite a while. People think gold's at the lows and they want to take advantage.
It was only a matter of time before the last bastion of paper money, London, succumbed to the soaring demand for the physical gold.
Britain’s Royal Mint, established in the 13th century, sold more than three times more gold coins in April than a year earlier.
The panic for gold will continue as long as people believe the price of gold will continue to decline, affecting mints around the world. When gold has reached its bottom, the market for paper money should resume.