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The U.S. Mint is temporarily halting sales of its popular American Buffalo 24-karat gold coins because it can't keep up with soaring demand as investors seek the safety of gold amid economic turbulence.
With the financial crisis gripping markets in recent weeks, investors have rushed to safe havens such as gold and Treasury securities. Demand for three-month Treasury bills last week pushed their yields down sharply to levels not seen in decades.
Grimalkin September 28, 2008 10:53 AM
Just the Buffalo. All their other gold coins are still on sale.
Ra__ September 28, 2008 10:54 AM
They stopped selling the American Eagle gold coins last month. Dealers only from now on, which may happen to the Buffalos too. They're already very expensive, at $1200 each for proof coins, when gold is under $900. They need to fix their website. They're still listing both coins as In Stock
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