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Gold Coins Have Never Sold at a Premium This High for This Long

From bnnbloomberg.ca

Premiums for gold coins are staying at highly elevated levels for longer than ever before, as investors flock to bullion at a time when physical-supply flows are disrupted. American Eagle gold coins are selling for about 5% above the spot price of bullion, the most since the 2016 Brexit vote, according to Everett Millman, a precious-metals specialist at Gainesville Coins in Florida. That’s about double the regular premium and has stayed at such levels for two weeks, he said. Spot gold is currently trading down about 1% near $1,614 an ounce, after rising the past three sessions. Bullion futures also fell to settle at ... (full story)

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  • Category: Fundamental Analysis