Bloomberg announced last week that The Perth Mint is increasing production at its facility in Australia.
The Perth Mint produces 10% of the world’s gold bullion and has doubled its output over the last 6 months. As investors flock to buy gold as a safe haven amid the current worldwide credit crisis the U.S. and Austrian Mints have increased production as well.
The Perth Mint sells Kangaroo and Nugget coins, and the Mint has produced over 154,000 ounces in the last 12 months, which is roughly double the production last year.
Gold is currently one of the brightest commodities, reflecting that people do not trust the financial marketplace right now. The overseas demand is up 90% for the Perth Mint, which has sold $880 million more in gold than this time last year.
The Perth Mint was founded in 1899 as a branch of Britain’s Royal Mint and is run by the Western Australian government.
Gold refiners worldwide are expecting mass-market appeal for gold as the economy heads toward a recession…..
Get cash for your gold while prices are high! Visit our website at www.cash4gold.com for more information about how to get the highest price for your old scrap gold at Cash4Gold! Sell your gold today!
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment