The Australian has reported The Perth Mint of Australia has suspended gold orders until January.
“We have never seen this before and are working right at capacity. And we are seeing it from clients in the shop buying one ounce, right up to 30,000 ounces from overseas clients,” said Ron Currie, Perth Mint sales and marketing director.
Collector bullion coins may still be ordered from the Perth Mint’s website.
High demand and precious metal price volatility has given more than The Perth Mint headaches in 2008. The United States Mint has had to suspend silver, gold and platinum coin sales more than ounce.
The Royal Canadian Mint appears to be a standout, thus far, as it has been able to meet gold coin demand.
To read The Australian article, follow Mint suspends orders amid rush to buy bullion.
