Wednesday, August 28, 2013

Canadian Mint Bullion Sales Break Record

OTTAWA, ONTARIO – August 27, 2013 – Today, the Royal Canadian Mint reported the achievements of an extraordinary second quarter with an increase in consolidated revenues of 93.8% to $1.05 billion in the 13 weeks ending June 29, 2013.
“This unprecedented result was due to the soaring demand for the Mint’s world-renowned Gold and Silver Maple Leaf bullion coins and sustained popularity of our expertly handcrafted numismatic products,” said Ian E. Bennett, President and CEO of the Royal Canadian Mint. “Our employees continue to surpass customer expectations while the Mint remains at the forefront of new technologies and innovations.”
The volume of Gold Maple Leaf sales increased 144% to 403,000 ounces during the same period in 2012, while sales of Silver Maple Leaf coins increased to 6.4 million ounces from 4.0 million ounces. The Mint’s Numismatics and Collectibles Business Line continued to grow, with revenues increasing 29.6% to $40.7 million. The issuing of 51 collector coins during the quarter resulted in 13 sell-outs, with the most popular coins featuring new technologies and special characteristics such as ultra high relief, niobium and the glow-in-the dark application.
"He who holds the gold, makes the rules."

Paper gold is for speculators, bullion is for serious investors.   BK