“Demand for gold has never been as high as this year…At the moment, every gold coin that comes off the coining press has already been sold. Right now we could sell three times as many as we are able to produce.” –Gerhard Starsich, Chief Executive, Austrian Mint
USAGOLD note: All the mints at one point or another during the course of the past year have complained about their inability to keep up with demand. The Austrian Mint says it is “unable to keep up with demand [for its gold coins] as people rush to find a safe haven for their money amid surging inflation and economic fears caused by the war in Ukraine,” Gold is up 5% in euro terms year to date. Starsich says that customers for its gold bullion coins are of all ages and from all walks of life.