Royal Mint bullion coin sales surge on wave of political turmoil
By GCRU Gold News on Friday, May 19 2017, 00:23 - Permalink
In a warehouse a dozen miles to the northwest of Cardiff, the Royal Mint is running its machines through the night to keep up with demand for one of the big beneficiaries of the last year's political turmoil - gold and silver bullion.
The 1,100-year-old Mint, based here since the 1960s, is producing 50 percent more gold bullion coins and bars than it was this time last year, director of bullion Chris Howard says, while its sales in January rose by a third.
Global retail investment in gold has exploded in the last 15 years. At nearly 1,000 tonnes last year, it was two and a half times the levels seen in 2001.