This support has never been so successful in qualifying as a safe haven in the United States, with purchases that have almost tripled in one year.
There is bitcoin. And there is gold. In this particularly troubled period, gold still remains a strong safe haven, especially in the United States historically very attached to this metal.
Across the Atlantic, the purchase of gold is mainly done through coins (the famous American Eagles Gold) and these purchases soared last year. According to United States Mint, the government institution in charge of minting gold and silver coins, these purchases jumped 258% in 2020 compared to the previous year.
Record in January
And this trend does not weaken since in January, coin sales reached 220,500 units, almost 3 times the volume of January 2020 (+ 290%) and more than all purchases of gold coins in 2019. This is in fact a record month since April 2013. Sales of silver coins increased by 24% in January.
The pressure is such that the US Mint indicated last week that it was no longer able to meet “exceptional demand” both in terms of production and stocks. And this ‘shortage’ is reinforced by the fact that the institution is currently changing the design and design of its American Eagle Gold and Silver Bullion coins whose new models will be released this summer.
The United States Mint therefore indicates that it is limiting the distribution of its gold, silver and platinum coins to specific resellers due to high demand and a limited number of metal suppliers, it said. stated in a press release. Enough to make demand even more tender.
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