Investors Psyched About Turning $150 Into $160

Everyone wants a piece of gold’s modest rebound since its little, once-in-30-years hiccup a week and a half ago. And the U.S. Mint simply can’t keep up with the demand from people with $150 and a burning desire to catch the bottom of the market.

“While the one ounce gold bullion coins remain the most popular, demand for the one-tenth ounce coins has remained strong too, with year-to-date demand for these coins up over 118% compared to the same period last year,” the Mint said Monday in a memo to authorized purchasers. “Accordingly, the United States Mint has temporarily suspended sales of its one-tenth ounce gold bullion coins while inventories can be replenished…

That doesn’t appear to have slowed coin buyers. The Mint sold 85,000 of the one–tenth ounce coins in April, the second-strongest monthly total after January….

The Mint’s American Eagle Gold Bullion Coins are sold in four sizes: one ounce, one-half ounce, one-quarter ounce and one-tenth ounce, the Mint said. Total sales of all size coins so far this year have more than doubled compared to the same period in 2012, the Mint said.

U.S. Mint Suspends Sale of Smallest Gold Bullion Coin [WSJ Real Time Economics blog]

(hidden for your protection)
Show all comments

20 Responses to “Investors Psyched About Turning $150 Into $160”

  1. Puck It says:

    Retail Investors Psyched About Turning $150 Into $80

    There, fixed that headline for you.

  2. 1+1=100 says:

    you live in a fiat world where not only does the fed increase the money supply, but so does every bank. this is a point that is never really discussed. however, if you just sit back and think logically, every time a bank extends a loan through fractional reserve banking, it has increased the money supply and marked this as an asset on it's books. while i refuse to put a timeframe on this subject, fiat days are numbered. i'm a student of history, not academia.

    • 1 -1 =0 says:

      You've obviously never tried to carry around bars of gold to pay for stuff either.

    • Captain Obvious says:

      Did you get lost on the way to Zerohedge?

    • PermaGuestII says:

      You realize that metallic currencies can be and have been debased too, right? Gresham's Law was named in the mid-19th Century, and Sir Thomas Gresham, who articulated the concept, died in 1579.

      -Also a student of history

    • NannyNannyBooBoo says:

      And certainly not a student of capitalization or punctuation.

  3. guest says:

    Matt, come back!!!!!!!

    Sha-zero has the leading post count, and as a result of Bess is too depressed to write. Or maybe it's the other way around. Either way, get yo ass back to HQ.

  4. guest says:

    Are you clueless or just self-deprecating?

    "can't keep up" = the essence of Shazar

  5. KingCo says:



  6. only wednesday? says:

    that guy likes gold

  7. guest says:

    Stay golden, pony boy