http://www.bloomberg.com/news/2011-06-22/silver-coin-sales-booming-at-perth-mint-as-investors-desert-paper-money.html
Silver-coin sales from Australia’s Perth Mint, which was founded in 1899 and processes all of the country’s bullion, have surged to a record as buyers seek to protect their wealth with the metal known as poor man’s gold.
“Silver’s still booming and it’s been going strongly for a year,” Currie said in interview yesterday from the mint inWestern Australia’s capital. “A lot of the buying is by people new to the market,” with European and U.S. investors the most active international purchasers of the mint’s products, he said.
Silver sales have also surged in the world’s largest economy. Sales of American Eagle silver coins climbed 30 percent to 3.65 million in May, taking the total for the year so far to 18.9 million ounces, the mint’s website shows.
Silver-coin sales from Australia’s Perth Mint, which was founded in 1899 and processes all of the country’s bullion, have surged to a record as buyers seek to protect their wealth with the metal known as poor man’s gold.
“Silver’s still booming and it’s been going strongly for a year,” Currie said in interview yesterday from the mint inWestern Australia’s capital. “A lot of the buying is by people new to the market,” with European and U.S. investors the most active international purchasers of the mint’s products, he said.
Silver sales have also surged in the world’s largest economy. Sales of American Eagle silver coins climbed 30 percent to 3.65 million in May, taking the total for the year so far to 18.9 million ounces, the mint’s website shows.
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