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V11 2008 INDEX
E-SYLUM ARCHIVE
UNCERTAIN ECONOMY BOOSTS WORLD MINTS' GOLD PRODUCTION
Dick Johnson forwarded this item on the demand for gold and
gold bullion coins. -Editor
World demand for gold is strong. Some
mints are at peak production for gold bullion items and gold coins. The
demand at the Perth Mint -- which produces a popular die stuck ingot --
has outpaced its production capacity, so it stopped accepting orders.
Perth Mint sales and marketing director Ron Currie said the unprecedented demand had forced the Mint to cease orders until January, with staff working seven days a week, 24-hour days, over three shifts to meet orders. He said Europe was leading the demand, with Russia, Ukraine, Middle East and US all buying . making up 80 per cent of its sales. One European client purchased 30,000 ounces for $33 million.
.We have never seen this before and are working right at capacity. And we are seeing it from clients in the shop buying one ounce, right up to 30,000 ounces from overseas clients,. Mr Currie said.
To read the inside story from Perth Mint officials, click on: Perth Mint has been forced to suspend orders (http://www.dgcmagazine.com/blog/?p=755)
Wayne Homren, Editor
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