US MINT SUSPENDS ALL SALES OF 1OZ GBC

Updated: 09/26/2008 13:13
Reprints/Permissions  Hyip Monitor
Today Forbes is reporting that the US Mint has temporarily suspended the sales of 1oz American Buffalo 24 karat gold coins because of

Today Forbes is reporting that the U.S. Mint has temporarily suspended the sales of 1oz. American Buffalo 24-karat gold coins because of strong demand has depleted its inventory.

    Demand has exceeded supply for American Buffalo 24-karat gold one-ounce bullion coins, and our inventories have been depleted. We are, therefore, temporarily suspending sales of these coins, the Mint said in a memorandum to authorized American Buffalo dealers. The Mint also told dealers that it would work to build up its inventory to resume sales shortly. In mid-August, a shortage of American Eagle one-ounce gold coins due to unprecedented demand had also forced the U.S. Mint to temporarily suspend sales of the popular coins. The Mint said Thursday it would continue to supply the American Eagle 22-karat gold one-ounce and American Eagle silver bullion coins on an allocation basis to coin dealers. In addition, the half-ounce, quarter-ounce, and 1-10th ounce American Eagle gold coins and American Eagle platinum were also available, the Mint said. Coin dealers from the United States to Canada have recently reported a surge in buying of bullion coins and other gold products as troubles in the financial markets prompted people to seek a safe haven in precious metals.

About the author

Joe Wong is another example of a good dependable and collaborative team player with a proven ability to write colorful, persuasive copy. Having impeccable grammar, strong editing skills and a long track record of writing technical, promotional, and advertising articles, reading copies by Joe Wong readers stop and think every time they read the copies, news and articles written by Joe Wong at HYIPNews.com
You May Also Like