Standard Mining, ( Formerly Quest International ) Message Board

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Gold/Mining/Energy : Standard Mining, ( Formerly Quest International )

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To: Robert J Mullenbach who wrote (335)	2/17/2000 4:44:00 PM
From: Robert J Mullenbach	Read Replies (1) of 462

Gold Coin Sales in U.S. Reach Record Level in 1999 NEW YORK--(BUSINESS WIRE)--Feb. 17, 2000--Gold bullion coin sales in the U.S. reached their highest level in 1999 since individual ownership was legalized in 1975, according to the World Gold Council's report Gold Demand Trends, published today. In a year when gold demand worldwide rose by more than 20% to reach new record levels, sales of newly-minted gold bullion coins in 1999 in the U.S. reached 2.8 million ounces (86.7 metric tons), 15% above the previous record set in 1998(a). U.S. sales alone accounted for roughly 90% of the world's gold bullion coin sales. The following factors contributed to the high U.S. demand: - fear of a significant stock market setback - the desire of investors to own tangible assets as part of their portfolio mix - the perception that there was biz.yahoo.com XXXXXXXXXXXXXXXXXXXXXXXXXXXX nice bids up north, I have waited many years, a few more will not hurt at this point. SPREAD is TO WIDE in U S, KNIGHT.

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