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Politics : Technical Analysis
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From: Robov1/8/2014 1:50:20 PM
   of 14245
 
One Week Into 2014, UK Royal Mint Runs Out Of Gold Coins

Submitted by Tyler Durden on 01/08/2014 11:02 -0500

Sovereigns United Kingdom


Update: the UK mint was kind enough to advice that "only" Sovereigns are sold out. More expensive coins are still available:

Just 2 days after their release, The U.K.’s Royal Mint said it ran out of 2014 Sovereign gold coins “due to exceptional demand.”

  • *U.K. ROYAL MINT SAYS RUNS OUT OF 2014 SOVEREIGN GOLD COINS
  • *ROYAL MINT SAYS EXPECTS TO HAVE COIN STOCK AGAIN BY END OF JAN.
The mint added "Since the dip in the price of gold we have seen increased demand for our gold bullion coins from the major coin markets, and this presently shows no sign of abating."









Via Bloomberg,

The U.K.’s Royal Mint said it ran out of 2014 Sovereign gold coins “due to exceptional demand.”

The mint expects to have stocks of the coins again by the end of January, it said in a statement e-mailed today. Gold dropped to a six-month low of $1,182.27 an ounce in London on Dec. 31, capping the largest annual decline since 1981.

“Since the dip in the price of gold we have seen increased demand for our gold bullion coins from the major coin markets, and this presently shows no sign of abating,” the mint said in the statement. “The Royal Mint continues to supply to its customers and is increasing production to accommodate the higher demand.”
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