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Scandal to Push Gold Coins Higher?

by Patrick A. Heller, Numismaster.com:

There are some indicators that August could bring a sudden demand for physical gold and silver coins and bars. This shift in demand could be strong enough that it would quickly deplete wholesale and retail supplies of bullion-priced products. To the extent that this occurs, that would almost certainly increase demand for the lower-premium pre-1934 U.S. gold coins as happened during the bullion coin buying frenzy in late 2008.

What could spark such a surge in demand that people would even consider purchasing older U.S. gold coins and Morgan and Peace dollars?

My friend Bill Murphy, the chairman of the Gold Anti-Trust Action Committee (www.gata.org) passed along news that in the past three weeks he has received the same information from three independent and usually reliable sources. The news is that the LIBOR scandal investigations that have mostly focused on Barclays bank thus far are expanding.

Read More @ Numismaster.com

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