Fears cause Run on Gold Coins

The New York Post is reporting that there is a worldwide run on gold coins.

Even as the price of the precious metal itself comes under pressure along with commodities like oil and copper, people around the world are demanding so many of the valuable coins that government mints are having difficulty filling orders.

Governments of the world are having a hard time keeping up with demand and there are reports that they are starting to hold back on what they let out to the public. Many Coin dealerships have to wait over 3 weeks for coins that they could get immediately only 6 months ago.

With fears of future inflation and economic uncertainty the desire to hold gold is growing strong. People just don’t know where to put their money and gold makes them feel a small sense of security.

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