Here are the mid-April 2011 totals for Gold American Eagles:
one-ounce gold eagles - 46,500, year-to-date 310,000;
half-ounce gold eagles - 1000, year-to-date 22,000;
quarter-ounce gold eagles - 2,000, year-to-date 40,000;
tenth-ounce gold eagles - 15,000, year-to-date 175,000.
All of the fractional Gold Eagles (half, quarter and tenth-ounce coins) are way down from the previous two months. The mid-April number for one-ounce 24K Gold Buffaloes stands at 10,000 and for Silver American Eagles 1,421,000.
Gold was up almost $30.00 for the two days ending last Friday. Spot gold is at $1486.50 at the time of this post - can $1500 be far away? Gold is up $84.50 in the last 30 days with a one-year change at $327.20 (+28.24%). These stats courtesy of Kitco.
I have two gold-related stories to share with you. The first is titled "Where Is America's Gold: The Mystery of Ft. Knox". This is an interesting read, especially since it includes the U.S. Government's Status Report Of U.S. Treasury-Owned Gold dated January 31, 2011. I didn't know that this report is issued every year by the Department of the Treasury. You can read the entire article here.
The second article comes from the UK's The Telegraph and is titled "Why record gold price is good news for burglars and bad for householders". It talks about the dangers of being underinsured if several gold jewelry pieces are kept in the home (this would also apply to gold coins and bars). Household insurance policies have low maximum limits on what they will pay in case of a loss. With gold setting new highs, many homeowners may now be underinsured and not even know it. This a British newspaper but the message applies to many Americans too. You can read all about it here.
Thanks for reading.
0 comments:
Post a Comment