Silver coin sales boom as investors seek haven

From The Sydney Morning Herald:

Silver-coin sales from the Perth Mint have surged to a record as buyers seek to protect their wealth with the metal known as poor man’s gold.

The mint sold 10.7 million one ounce silver coins since July 1 last year, according to Sales and Marketing Director Ron Currie. That’s 66 per cent higher than the previous full fiscal year and about 10-fold more than five years earlier. Sales of one ounce gold coins will be close to a record, he said.

Read more: http://www.smh.com.au/business/markets/silver-coin-sales-boom-as-investors-seek-haven-20110622-1gdzo.html#ixzz1Q0VLqQOi