Utah’s new gold (dollar) rush
More news of coins being a safe haven in hard times. The Salt Lake Tribune is reporting a shortage of gold and silver coins across the state. Retirees fearing a fall in the value of the dollar are said to be behind the demand.
From the article:
“Where we have really seen a shortage is in the ‘fractional’ coins — the American Gold Eagle, Canadian Maple Leaf and South African Krugger and coins that contain a tenth, a quarter and half-ounce of gold,” said Bob Campbell, owner of All About Coins in Sugar House. A year ago, Utah coin dealers could hardly give away such coins, said Campbell, a former president of the American Numismatic Association. “Now they are in high demand and we can’t seem to get enough.”
