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Technology Stocks : Y2K (Year 2000) Personal Contingency Planning
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To: C.K. Houston who wrote (468)9/25/1998 7:10:00 PM
From: John Mansfield  Read Replies (2) of 888
 
'At a recent meeting of representatives of The US Mint, The Platinum Guild and US gold dealers, gold coin sales by the
US Mint were reported to be at record highs. Over 1.2 million ounces of gold have been sold by the US Mint so far this
year, compared to recent prior average sales vol-ume of 300,000 - 400,000 ounces per year. This is the best year on
record for the Mint which also revealed higher than expected Platinum American Eagle sales on the first anniversary of the
coin's release. The Mint hoped to sell at least 100,000 ounces of Platinum Eagles in the coins' first year. This goal has
been far surpassed, as first year sales were reported to be in excess of 200,000 ounces.

Gold bullion coins have recently experienced a huge upswing in demand. Major mints around the world are reporting
shipping delays of up to 2 weeks in order to meet current orders. Many indi-vidual investors appear to be looking at gold
for the first time in years. Faced with worldwide economic unrest and a faltering equities market, worried investors are
again beginning to look to gold as a “safe haven”. Whether this demand will result in the end of gold's 2 year old bear
mar-ket remains to be seen. Most traders expect producer sales to moderate any rally through the end of the year, but a
consensus seems starting to build that early 1999 should bring substantially higher gold prices.
....

monex.com
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