Gold News

Gold coin investments rising in popularity

The surge in demand for Gold Prices is causing more people to invest in coins, it has been revealed.

According to the Financial Times, investors both in the US and overseas are clamouring for coins as fears over the future value of paper currencies refuse to subside.

Michael Kramer, president of Manfra, Tordella & Brookes, a large coin dealership based in New York, revealed as much in an interview with the newspaper.

He said: "The demand has been huge overseas. Most of it is ending up in Germany. Coin demand is so intense that supply is struggling to match."

Kerry Tattersall, marketing director for the Austrian Mint, confirmed a similar picture, telling the FT that it was recently forced to put on a third production shift to meet the "spectacular" increase in demand.

Meanwhile, Gold Prices in rupees reached record highs this year, with one investor with a private bank telling the Economic Times that this latest surge is a reflection of a "global trend".

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