A GROWING NUMBER of investors wish to buy Physical Gold, new figures and market experts agree.
According to figures from Comex, which is owned by CME Group, its users have taken delivery of 39 per cent more Bullion compared with the same period last year. Its vaults are also holding 11 per cent more gold at 10.9 million ounces.
Meanwhile, sales of the US Mint’s Gold Coins are continuing to increase.
This is because the relatively steady rise of Gold Prices in an uncertain economic climate has made Buying Physical Gold more attractive, says the Wall Street Journal.
Jon Spall, director of commodities at the UK’s second largest bank Barclays said, "There's much more demand from gold investors for Allocated Gold. People are attracted to hard assets outside the banking system which do not represent a credit risk to anyone."
According to US Mint figures reported by CoinNews, sales of the American Eagle one-ounce Gold Coins surpassed the 600,000 mark in the past week, with 34,000 units being sold since June 16th.
The 2010 fractional gold Eagle coins are also continuing to sell well, with about 339,500 of the coins sold since they were released on June 3rd.
Sales of the 24-carat gold American Buffalo Bullion coins and the First Spouse series of Gold Coins are also continuing to rise but at a slower rate.
"Buyers have ordered 132,500 ounces of the four Eagles this month. That already places June into the second best month of 2010," noted Mike Unser of CoinNews.
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