Bloomberg has reported that European investors are looking for an alternative to the Euro in light of the turmoil in Greece.
It seems that the Gold Sovereign is top of the list, with demand from Greek investors double the five-month average in June. Online sales this past weekend were reportedly the highest since Cyprus limited cash withdrawals in 2013, driven by a jump in German, French and Greek buyers.
Investors are seeking alternatives after capital controls were imposed in Greece, banks were closed and gold coin sales to the public were stopped until at least July 6.
Worldwide demand for Gold
The US Mint has sold 61,500 ounces of American Eagle gold coins this month – that’s the most since January.
On a global scale, clients of the largest online physical gold trading platform added 1.4 metric tons of gold to their account, the biggest increase since 2012.
You can choose from a selection of gold coins at Coin Portfolio Management, including the first Queen Victoria Sovereign issued from 1838 to 1871. Struck in 22 Carat Gold to the same specifications as the modern Sovereign, these Victorian coins combine precious metal value with history in spades. They were collected 100 years ago and they’ll be collected 100 years from now.