Notice in 2007, total Gold Eagle sales were only 198,500 oz, but after the banking and housing collapse in 2008, buying more than quadrupled to 865,500 oz. Furthermore, when the broader stock markets continued to tank in 2009, Gold Eagle sales reached 1.4 million oz.
As the Fed and central banks continued to print, prop-up and backstop their respective fiat currencies and broader stock markets, the demand for gold continued to decline. In 2011, Gold Eagle sales slipped to 1 million oz. and down to only 753,000 oz. in 2012. LINK...
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After a more than 40% correction in precious metals since the 2011 high, I think a rally is sure to come very soon? BK
