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Perth Mint Demand Highest Since Lehman Brothers – Refines Coins, Bars At Weekend

from Gold Core:

Australia’s Perth Mint, the largest refinery in Australia and one of the largest in the world, said that demand has jumped to the highest level since the Lehman crisis in 2008.

Demand has been robust due to currency devaluation concerns and then the 15% price fall led to a massive surge in demand as store of wealth buyers leapt at the chance to acquire physical bullion at much cheaper prices.

This led to the Perth Mint which refines nearly all of the nation’s bullion, having to stay open over the weekend to meet orders.

There’s been strong interest, including from the U.S., with buyers confident that the metal will rebound from the decline, Ron Currie, sales and marketing director, told Bloomberg in a phone interview from Perth.

Read More @ GoldCore.com

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