20
November
Royal Mint cashes in as gold market coins it
20 November 2009 MSN
The Royal Mint has dramatically ramped up production of gold coins as demand for the precious metal continues to surge.
Production more than quadrupled to 32,735.8 ounces – just over one tonne – in the third quarter, from 7,500.2 ounces in the same period last year. The increase is even more striking considering that the third quarter of last year had seen increased demand for gold as a investment haven amid the financial crisis.
Production in the first nine months of 2009 more than tripled to 100,391.3 ounces (3.1 tonnes). The data were obtained by Bloomberg under a Freedom of Information Act request.
