Perth mint sales rise nearly 50% in first quarter (because they didn't ration production)
Australia's biggest gold refiner, the Perth Mint, said demand for coins and bars has jumped in the past two days, after an already strong start to 2013. First-quarter gold coin sales rose nearly 50% from a year earlier. "There has been huge retail demand," Perth Mint spokeswoman Makeila Ellis said. "The phones have been ringing off the hook."
Demand for classic American Eagles—the most popular gold coin in the U.S.—nearly tripled from Friday to Wednesday as gold prices have sunk, according to the U.S. Mint. So far this month, 147,000 ounces of gold American Eagles have been sold, compared with 20,000 ounces in the whole of April 2012.
Whats cool is Canada is pricing silver at its eventual price of 100$ per ounce:)
20$ for a 1/4 ounce!
Sprott has been wanting them to back their currency with silver for a long time!This is going to get interesting here very soon!