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Gold American Eagle Bullion Coin Sales Soar 37% in June – Will Gold Outperform Stocks in 2014?

from GoldAndSilverBlog.com:

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.

Read More @ GoldAndSilverBlog.com

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2 comments to Gold American Eagle Bullion Coin Sales Soar 37% in June – Will Gold Outperform Stocks in 2014?

  • mickeymoist

    Ok. You owe me one SGT…

    “Will Gold Outperform Stocks in 2014?” Seriously? Who cares about one year?

    Gold opened 2000 at ~$282/ounce, and closed February 14, 2012 at ~$1,720/ounce, representing a total return of 510% over the 12-year period. So, if an investor had put $10,000 into physical gold at the start of 2000, and held the gold until present day, the investor would now hold ~$51,000 in gold.

    Silver opened 2000 at ~$5.30/ounce, and closed February 14, 2012 at ~$33.60/ounce, representing a total return of ~534% over the 12-year period. So, if an investor had put $10,000 into physical silver at the start of 2000, and held the silver until present day, the investor would now hold ~$53,400 in silver.
    Let’s compare the final results on a $10,000 investment over 12 years:

    Stock Market (DJIA) – $11,800
    Gold – $51,000
    Silver – $53,400

    http://www.jmbullion.com/guide/vs-stock-market/

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