2015 Austrian Mint Gold Sales Rose 215% From 2014.
Negative interest rates in Europe drove gold sales higher at the Austrian Mint.
The Austrian Mint sold a record 1.32 million ounces of gold in 2015. Indeed, as we reported last year, the Austrian Mint had already broken their old gold sales record by the end of the third quarter of 2015 with sales of 850,700 ounces.
2015 Austrian Mint gold sales eclipsed sales of 2009’s record sales of 835,700 ounces and handily trounced 2014 sales of 418,919 ounces.
Negative Interest Rates Drive Gold Sales
Spokeswoman for the Austrian Mint Andrea Lang told Bloomberg “Interest rates are negative at the moment and people don’t see any benefit of keeping their money anywhere, but at the same time they feel a little bit concerned about the future. They want to invest; they want to have a safe haven for their money.”
Austrian Mint gold sales were up 215% in 2015.
The Austrian Mint’s gold sales were primarily in the form of the one ounce Austrian Gold Philharmonic coin.
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