Royal Mint sales soar

[Coolsmp]

Interesting article saw the Royal Mints gold sales soar towards the xmas period

https://www.thisismoney.co.uk/money/news/article-9163369/amp/Gold-sales-surge-Royal-Mint-festive-period.html

[Bars]

Good for them,  bad for us 🤣

Not that I’d buy from them again. Shocking quality control. 

[Paul]

After the announcement of the "DIVERSITY" coin being the favourite design of last year, i cannot believes a word these Royal Mint PR dept. comes out with I afraid

In my experience you mention GOLD to anyone, and they think you have sprouted another head.

Would love someone to bring Gold up with me on my travels, sadly Im still waiting after over ten years plus of stacking 

[GoodAsGold]

1 hour ago, Paul said:

In my experience you mention GOLD to anyone, and they think you have sprouted another head.

Agreed. Shame really, but if we actually did sprout another head then we’d all recognise one another and know what to talk about.

[Foster88]

1 hour ago, Paul said:

After the announcement of the "DIVERSITY" coin being the favourite design of last year, i cannot believes a word these Royal Mint PR dept. comes out with I afraid

In my experience you mention GOLD to anyone, and they think you have sprouted another head.

Would love someone to bring Gold up with me on my travels, sadly Im still waiting after over ten years plus of stacking 

I too have found this and also more surprised or maybe I’m not, very few people know the current price of gold.

P.S: I’d rather sprout another head than not have any gold. 😂

[Bars]

Less people that Know is better in a sense. If people flocked to aktins at the like to buy gold we'd be paying more on premiums. 

[Bars]

8 hours ago, Foster88 said:

I too have found this and also more surprised or maybe I’m not, very few people know the current price of gold.

P.S: I’d rather sprout another head than not have any gold. 😂

Numbers all over the place when I ask. Heard couple K for a kilo lool. I wish

[Pete]

I have learned not to trust everything I read in the media.
If you sell qty 1 of something and then a week later a second item you can report that sales doubled in a week.
When QVC on TV says "half the stock has already gone" there is a mass scramble for the phone as people are panicked believing they are on to a very good thing.
Looking back at the press releases by the usual suspects they associate ups and downs in gold prices to government and political events.
Doesn't matter what they are as it is always a good time to buy but remember these companies are out to SELL so will associate themselves with anything that seems plausible.
Prices go up when there are more buyers and fall when there are more sellers.
Mom & Pop purchases and private buyers of a coin or 2 don't even register on the radar.

[AppleZippoandMetronome]

I think this is one I would be inclined to believe. There seems to be a madness spreading around at the moment where people are desperate to get rid of their money to buy something - anything. With some of the other things surging in value it makes sense to me that more people would be looking at and buying gold as well.

[GoldStatue]

I have to agree with everything said on this thread.

As a proportion of Royal Mint sales you'd think retail to the general public must be miniscule compared to manufacturing coins for sovereign countries and selling bullion to dealers.

I'm not sure there's a better a set of circumstances for mints at the moment, rising precious metal prices, low interest rates for the next few decades and a genuine world crisis, no wonder the public are going for safe assets like gold and silver.

[Stuntman]

I will only buy from them as a last resort.  But it's good that their sales have increased, because it should mean that they can keep offering a decent range of PM bullion coins (which I will then choose to buy from Atkinsons or Chards or BBP).

[Stuntman]

21 hours ago, Paul said:

After the announcement of the "DIVERSITY" coin being the favourite design of last year, i cannot believes a word these Royal Mint PR dept. comes out with I afraid

I was equally surprised by that.  It's a non-design!

[StackemHigh]

On 21/01/2021 at 21:43, Stuntman said:

I was equally surprised by that.  It's a non-design!

Mouth ain't big enough to get it in never mind swallow this bull****

[Muscipula]

On 21/01/2021 at 10:16, Bars said:

Less people that Know is better in a sense. If people flocked to aktins at the like to buy gold we'd be paying more on premiums. 

This appears to already be the case, Atkinsons out of stock of the 1oz 2021 Britannia's, would love to know how many hundreds/thousands they've sold!

Atkinsons customer service advised my order is delayed due to a production backlog at the Royal Mint...

Many are clearly worried about both the efficacy of the vaccine on current and future mutations, ahead of next Autumn/Winter, along with the strength of the £ going forwards.

[Bars]

Could be. But when the gold price drops dealers do tend to change there listings to out of stock. At least that’s the case with fractional gold.

[Chrissyblards1]

Diversity coins. 😂 blm ones? Will there be riots to get one? 😂