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Tuesday, November 23, 2010

UK Royal Mint :: Gold coin sales increase by 400%


Sales of gold coins have soared by 400% so far this year compared 
with 2009, according to the Royal Mint.
With the price of gold hitting record levels, the Mint says commemorative coins are in strong demand.
Royal Mint gold coinsSales of silver coins have also risen, though by a comparatively modest 20%
(Picture above) -The Royal Mint's £25 22-carat gold coin for the 2012 London Olympics
"In these days of economic uncertainty people look for something they can see as being a bit more secure," Dave Knight, director of commemorative coins at Royal Mint, told the BBC.


The price of gold, currently at about $1,400 an ounce, has consistently reached new highs during 2010 as investors have sought a haven amid economic turmoil.


BBC NEWS : 19 Nov 2010