There has been unprecented demand for gold coins recently as gold prices have corrected 20% from near $1,000 per oz. down to $800 per oz. creating a shortage of coins for sale by the U.S. Mint. See link below:
http://www.reuters.com/article/businessNews/idUSN2140103820080821?feedType=RSS&feedName=businessNews&sp=true
This demand is very positive for gold and other metals prices. My favorite names in the metals space include Freeport McMoran (FCX), Yamana Gold (AUY), and Pan American Silver (PAAS).
Saturday, August 23, 2008
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