Showing posts with label gold coins. Show all posts
Showing posts with label gold coins. Show all posts

Monday, September 27, 2010

US Mint has run out on Buffalo gold coins

http://af.reuters.com/article/metalsNews/idAFN2711303520100927
The U.S. Mint has run out of a type of highly pure gold coin it had been selling amid record high prices of gold.

The mint said it will not stock more of the 1-ounce, 24-karat American Buffalo bullion coins.

"The United States Mint has depleted its inventory of 2010 American Buffalo One Ounce Gold Bullion Coins," the Mint said in a statement, seen by Reuters on Monday.

Officials at the Mint could not immediately be reached for comment.

Tuesday, November 24, 2009

HSBC kicking out retail customers holding gold

According to the Wall Street Journal:

Fleets of armored trucks piled with gold bars and coins have been streaming out of midtown Manhattan in one unexpected consequence of the gold craze.

Amid gold's rise -- it has gained 32% this year and reached a record on Monday -- investors have been loading up on bullion and coins. One big problem now is where to store it. The solution from HSBC, owner of one of the biggest vaults in the U.S.: somewhere else.

HSBC has told retail clients to remove their small holdings from its fortress beneath its tower on New York City's Fifth Avenue.

HSBC and other banks don't earn fees from clients buying physical gold and silver. I guess that's why they kicked clients out of their safety deposit boxes.

Friday, October 23, 2009

India encourages gold to the public

In a previous blog, a TV commercial was shown depicting the Chinese government has been encouraging its citizens to purchase gold and silver. Gold coins and bars are available at Chinese banks and post offices.

Indian consumers, already the world's largest purchasers of gold jewelry, are also joining the gold party, but this time as an investment. The government is encouraging purchases of gold coins through 2200 banks and post offices nationwide. The coins are available in various denominations and weightings.

http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=91018&sn=Detail