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Gold and Silver Bullion Coins See Sales “Explosion” In UK On “Wave Of Political Turmoil”

Gold and Silver Bullion Coins See Sales “Explosion” In UK On “Wave Of Political Turmoil”

 

goldcore.com / By Mark O’Byrne / May 19, 2017

Gold and Silver Bullion Coins See Sales “Explosion” In UK On “Wave Of Political Turmoil”

by Jan Harvey of Reuters

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.

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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.

With growth prospects for its core minting business limited by the advent of the cashless society, the Mint has focused heavily on growing its bullion arm in the last few years.

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