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Tuesday, 4th August 2009 (4341 views)

Strong investment demand has prompted a 100 per cent increase in gold coin production at the Royal Mint, it has been revealed.

Figures obtained by Bloomberg show that the mint produced 16,910 ounces of gold coins during the second quarter of 2009, compared with 8,030 ounces in the same period last year.

Overall gold coin production for the first half of 2009 saw an 86 per cent rise to 45,406 ounces.

Stephen Briggs, analyst at RBS Global Banking and Markets, said the statistics show that investors are still very much interested in the safe haven properties of physical gold.

"This whole sector will capture people who don't have access to the futures market," he added.

Last month, the Royal Mint announced the launch of its 2009 range of Britannia gold coins.

The coins have been struck to 22-c gold proof quality and are the eighth such version of the Britannia range since the coins were first launched in 1987.

 

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