Sales of the US Mint American Eagle gold bullion coins soared in June to 48,500 ounces from the previous month of May during which sales totaled 35,500. Demand for gold bullion coins, however, has been relatively soft compared to previous years.
June sales of the gold bullion coins were down from the year ago period when 57,000 ounces were sold during June 2013. At the current sales pace 2014 annual sales of the gold bullion coins would come in at roughly 500,000 ounces down significantly from total sales of 856,500 ounces during 2013. Sales of the American Eagle gold bullion coins hit a record high of 1,435,000 ounces during 2009 when the financial system was still in intensive care and the Federal Reserve initiated a massive money printing campaign to “save” the world.
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