June 03, 2010, 6:54 AM EDT
By Garth Theunissen
June 3 (Bloomberg) -- Rand Refinery Ltd., the world’s largest gold-smelting facility, raised production of Krugerrand coins to a 25-year high as Europe’s sovereign-debt crisis boosted investor demand for bullion.
Output last week jumped 50 percent to 30,000 ounces of blank coins for minting by SA Mint, Debra Thomson, Rand Refinery’s treasurer, said by telephone from Johannesburg today. That was the highest weekly production since 1985, she said. LINK...
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Take note folks, trends usually start in Europe and make there way to the west.
Physical gold coins will be in high demand here, sooner than most think. Gold is your "insurance policy" against political, financial and social unrest. Gold has been reflecting this for the past ten years, as it has gone from a low of $250 to $1,200 today, that's almost 500% return on your investment in only ten years! GCC
