Royal Canadian Mint Says Ready for Gold Bullion Coin Demand

We talked yesterday about the inability of some gold products to keep up with the demand, as a number of coins are being suspended until production can catch up.

There's been a surge in the acquisition of physical gold coins as uncertainty in the financial sector has caused people to look for safety; not just investment safety, but an alternative currency in case things completely fall apart.

So even though the American Buffalo 24-karat gold one-ounce bullion coin has been suspended, the Royal Canadian Mint says it's not suspending its gold coin production at this time.

Coin dealers all across North America have reported a big surge in the demand for gold coins as the financial markets continue to flirt with disaster.

While the Royal Canadian Mint may eventually have to suspend some operations, they're in a much better position than their American counterparts because of the abundance of gold in Canada. That makes them less dependent on outside suppliers.

They control their mint from digging it out of the ground to striking the coins.