UK Royal Mint Doubles Gold Output

The UK royal mint has doubled it’s gold output over the last year due to surging gold investment demand.  However gold production fell 41% in the second quarter compared to the prior quarter.  This was while global stock markets surged higher.  Could it be that everyone thinks it safe to get back in the water, hence the recent drop off in demand for gold?  We would be inclined to think the opposite.  The full bloomberg article is here.

Leave a Reply

Your email address will not be published. Required fields are marked *