American Eagle Gold Coin Sales At 11-year High

With faith in paper currencies plummeting around the world, gold in a number of forms is being acquired by investors, and for phyiscal gold, the one-ounce American Eagle gold coin enjoyed the highest sales for May in 11 years.

The U.S. mint said they sold approximately 190,000 American Eagle gold coins in the month, as an increasing shortage of physical gold coins has investors pouring into the market.

Not long ago when Germany agreed to be part of the bailout of Greece, German gold coin sellers ran out of product in about one day, as Germans have experienced a failed currency in the recent past, and many remember the effects it had on those unprepared for it.

Mints from around the world have said demand for gold coins has risen substantially, as well as for small gold bars. One reason for the smaller gold bars rather than larger ones is portability, which is considered if a crisis emerges which disrupts the economic system.

For retailers of any sort, they know May is one of the worst sales months of the year, and gold sellers are looking forward to a terrific summer if May is any indication of the growing demand out there.

While gold is sold in much higer quantities through other outlets, the growth of the physical gold market comes from the fears of a geo-political collapse, where money wouldn't do anyone much good.