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Friday, 12th December 2008 (1358 views)

Rising demand for gold coins around the world means that many coin dealers are starting to run out of supplies, an expert suggests.

According to Alan Demby, executive chairperson of the South Africa Gold Coin Exchange, many dealers are selling coins "at often significant premiums" as a result of rising demand, the South African Press Association reports.

"Unsurprisingly, coin dealers the world over are starting to run out of stock of all manner of gold coins," he states.

Mr Demby claims that investors are purchasing gold as a tangible asset as a result of the economic downturn, causing a shortage of bars and coins.

The outlook for gold is "as bright as it had ever been", he adds.

Meanwhile, Bulgarian officials have presented the three-millionth passenger to arrive at the country's Sofia airport, football player Yavor Poptochev, with the Bulgarian National Bank's Holiday gold coin collection as a prize.

 

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