"Through May 24th, the U.S. Mint has sold 158,000 one-ounce 2010 American Eagle bullion coins, according to the agencyâ??s website. This is already more than double the full-month total of 65,000 for May 2009.
This trend has been in place all year. The U.S. Mintâ??s website shows that one-ounce Eagle gold bullion coin sales for the year to date have reached 489,500, up 18% from 413,200 as of the end of May 2009.
The bullion coin sales are motivated by fear, not greed. Gold is typically viewed as a store of value during times of economic and political upheaval.
Silver sales are rip-roaring, too. For the month to date, the Mint has sold 3,500,000 of the one ounce American Silver Eagles. This marks the third time during 2010 that monthly silver bullion sales have exceeded 3 million ounces.
If sales keep up at this pace, the Mint will run out of bullion coins again, like it did last year."
http://www.marketoracle.co.uk/Article19874.html
"The rush for gold is most visible in Germany, the economic heart of the euro zone and the richest country in the euro bloc. Germans are lining up to buy gold coins. As a result, the rand refinery in South Africa, which sells to many European gold dealers, often 2,000 gold krugerrands at a time, reported that it received a single order from one German bank for 30,000 coins. Another bank requested 15,000 coins.
German investors are notoriously afraid of inflation. While few are old enough to remember the hyperinflation that wrecked Germany during the Weimar Republic in the 1920s, the episode remains etched into the national psyche. And as the euro crisis played out, archive film from the period ran on the TV news."
Paper money was nice while it lasted. It allowed governments to use their citizens’ resources to start wars and institute social welfare programs (power grabs, both of them). But the game is almost up. Time to get back to reality (gold and silver).