Iranian President Mahmoud Ahmadinejad opened the first leg of a Latin American tour in Venezuela, today. The visit with President Hugo Chávez came in middle of rising tensions between Iran and the United States. The tensions intensified even further, today, after Iran announced it had sentenced a former U.S. Marine to death.
All the instability in the global economy this year has been good for the United States Mint. People in search of a safe place to put their money have been buying gold and silver coins in record numbers.
"Precious metal coins were up $800 million dollars last year and that's approximately thirty some percent," says Richard Peterson, deputy director of the Mint.
According the the Mint's annual report, they sold 45.2 million ounces of gold and silver coins in 2011.