Friday, November 20, 2009

The Royal Mint Is Minting Money, Real Money

The UK's Royal Mint has dramatically increased production of gold coins.

Production more than quad­rupled to 32,735.8 ounces – just over one tonne – in the third quarter, from 7,500.2 ounces in the same period last year.

Production in the first nine months of 2009 more than tripled to 100,391.3 ounces (3.1 tonnes). The data was obtained by Bloomberg under a Freedom of Information Act request.

The most popular gold coin produced by the Royal Mint is the 1 ounce Britannia.

1 comment:

  1. I laughed at your earlier post about Austria cutting back next year. The Philharmonic is a beautiful coin and will still be in great demand next year. If they do cut back, the official story won't mean much.