The U.S. Mint has temporarily halted sales of its American Buffalo 24-carat gold one-ounce bullion coins because “inventories have been depleted,” the Mint said.
The coin sold for $800 on the Mint site.
The Mint can’t keep up with demand from panicky investors looking for something — anything — that seems safe during the current crisis.
The price of gold has risen in recent weeks, topping $920 per ounce briefly today as concerns rose over the passage of the $700 billion Wall Street bailout and subsequent fears about a further stock market drop.
What’s next? QVC getting suspended from too much switchboard overload during “Big Bold Gold” hour?
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