inflation
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Gold Demand Up on Economic Downturn
Gold coin minting is up over 40% this year, hitting a two-decade high after stellar demand in North America and Europe. “Bar hoarding” is up over 62% this year as well. Demand for Gold American Eagles were up by over 140,000 coins over the same time last year. At the French mint, gold coins are almost entirely pre-sold. The demand for gold can be almost entirely attributed to the economic downturn and inflation concerns.
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Obama Signs Stimulus Into Law
DENVER — President Barack Obama signed his $787 billion economic stimulus package into law Tuesday, with an upbeat speech emphasizing the road to recovery.
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