U.S. Mint sees strongest gold bullion demand in 23 years

Kitco News/Neils Christensen/4-4-2022

photo image of stack of American gold eagle coins“Rising inflation and safe-haven demand resulted in extraordinary demand for physical gold in March, capping off the best start to the year in more than two decades. In its latest sales data, the U.S. mint reported that it sold 155,500 ounces of various denominations of its American Eagle Gold bullion coins, up 73% from last month. The U.S. Mint saw its best March performance since 1999.”

USAGOLD note: “Physical as well as investment demand remains solid for the simple reason investors (retail and professional) see inflation everywhere.” says Saxo Bank’s Ole Hansen. And few see that input changing anytime soon.

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