U.S. Mint Suspends Sale of Smallest Gold Bullion Coin!

“There’s been people coming in buying and buying and buying,” said Michael Kramer, president of MTB, a New York City coin dealer. “People think the bottom is now over. People are investing.” – Quote

• U.S. Mint Suspends Sale of Smallest Gold Bullion Coin! 
  by Jeffrey Sparshott, http://asia.wsj.com/home-page 
  The U.S. Mint this week stopped selling its smallest-denomination gold bullion coins after surging demand ran down government inventories.
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  “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.”
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  Gold futures last week were hit by a historic selloff–on April 15, gold prices fell 9%, their largest one-day slide since the early 1980s. Prices have bounced back off of last week’s low, though many analysts have trimmed their forecasts for gold prices.
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  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.
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  “There’s been people coming in buying and buying and buying,” said Michael Kramer, president of MTB, a New York City coin dealer. “People think the bottom is now over. People are investing.”
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  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.
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