No slump in physical gold demand

|By:, SA News Editor

A falling (or suppressed as the bulls like to say) price brings up demand for gold, with sales of American Eagle gold coins by the U.S. Mint of 755K so far this year already surpassing the 753K for all of 2012.

The big action comes as the metal heads for its first annual price decline since 2000, and low inventory forced the mint has to suspend sales of coins weighing one-tenth of an ounce from April 23-May 28.

Starting 2012 at about $1,700 per ounce, gold today goes for $1,320.

Gold ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, DGZ, AGOL, GLDI, DGLD, FSG, TBAR, UBG.