21 March 2012
Gold Eagle Auctions Leap As Gold Struggles
The availability of 1 ounce Gold Eagle auctions tracked by BullionSupermarket.com has spiked up in the last week as pressure continues on bullion.
Benchmark 1 ounce Gold Eagle bullion coins have seen availability in US on-line auctions leap almost six fold as precious metal prices have retraced.
Whether this indicates a liquidation by private holders and dealers of the american bullion coin remains to be seen. Silver Eagle bullion volumes remain relatively stable, but we'll be watching the Gold Volume Charts at BullionSupermarket.com for further signs in the coming week.
The increased volume on Gold Eagles may well present buyers with a double opportunity to pick up some of the worlds most sought after Gold bullion coins at low premiums while the price of the metal is depressed.