Though gold prices have a ways to go yet before they return to $1,300 per ounce territory, investors are increasingly snapping up the yellow metal, stemming from what the fallout might be resulting from the Greek debt crisis gripping the European nation.

This is particularly evident in the gold coin sphere. In June, for instance, the U.K. Mint reported that gold coin sales over the 30-day period ran at two times the five-month average, according to Bloomberg. In fact, during June’s concluding weekend, gold coin sales for CoinInvest.com moved at the fastest clip since 2013, stemming from more buyers in Germany, Greece and France.

This is all in response to the sovereign debt issues in Greece, as the government there has been unable to pay its creditors, which has led to massive cuts in spending and high unemployment. On June 30, Greece became the first industrialized nation to default on a loan provided by the International Monetary Fund, despite officials’ attempt for a reprieve.

Daniel Marburger, director of CoinInvest.com, which is headquartered in the German city of Frankfurt, told Bloomberg that investors are seeking a safe haven in a reliable, stable commodity, and they’ve found it in gold.

«Most of our common gold coins are sold out,» Marburger explained. «When people learned that the Greek banks will be closed, they started to think that it may not be such a bad idea to have some money in gold.»

Many banks in Greece have closed and indicated that they won’t be selling gold until July 6 at the earliest, according to Bloomberg.

CoinInvest.com isn’t the only firm that’s seen a run on the yellow metal. GoldCore Ltd., which sells and buys the precious metal, reported a surge in coin and bar demand on June 29, with sales to the United Kingdom and Ireland three times larger than what was the norm during June’s other Mondays, according to the business news media company.