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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: [Homestead] gold coin sales halted
  • Date: Thu, 25 Sep 2008 18:37:42 -0700 (PDT)

Gold coin sales halted after retail rush
By Javier Blas in London
Published: September 25 2008 23:03 | Last updated: September 25 2008 23:03
The rush by retail investors into gold on Thursday forced the US government
to “temporarily” suspend the sales of the popular American Buffalo one-ounce
bullion coin after depleting its inventories.
The shortage of gold coins is the latest sign of investors seeking a safe
haven into bullion amid Wall Street woes. Gold prices this week surged above
$900 an ounce, up about 20 per cent from its level before the collapse of
Lehman Brothers.
Safe-haven buying spurred by a weakening dollar and rising inflation on the
back of high commodity prices have also benefited gold sales, analyst said.
The US Mint said in a memorandum that “demand has exceeded supply” and,
therefore, it was “temporarily suspending sales of these coins”. “We are
working ­diligently to build up our inventory and hope to resume sales
shortly,” it added......................................................
 
http://www.ft.com/cms/s/0/e8bc3d72-8b40-11dd-b634-0000779fd18c.html?nclick_check=1






  • [Homestead] gold coin sales halted, bob ford, 09/25/2008

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