200% Rise in Gold Coin Sale Despite Downfall of Gold Futures
2016-06-07 Tue
Gold Bullion Coins are selling like hotcakes in the U.S. As per official reports the sale of gold has increased to 206% in 1 year as a total of 95,000 ounces of gold was sold compared to 31,000 ounces in May 2015. In contradiction to the impressive physical demand, gold futures saw the biggest monthly decline since November. Even after a 24% decline of sales in April this year’s May refreshingly seemed to be unlike any other May since 2011. Just like Gold, sale of silver coins too has increased by 122% from 2015.Experts state that futures markets look bleak as short-term investors are worried about the potential hike of interest rates. Long-term investors on the other hand depend on investing in gold and silver. Others have stated that investing in bullion markets has become a preferred choice as Global financial uncertainty are making equity markets unstable.
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