U.K. Royal Mint Runs Out of Sovereign Gold Coins on Demand

“The U.K.’s Royal Mint, which traces its history back more than 1,000 years, ran out of 2014 Sovereign gold coins as prices near a six-month low led to ‘exceptional demand.’  The mint, based in Llantrisant, Wales, expects to have stocks of the coins again by the end of January, it said in a statement e-mailed today.  Gold dropped to a six-month low of $1,182.27 an ounce in London on Dec. 31, capping the largest annual decline since 1981.  Bullion slumped for the first time since 2000 last year as some investors lost faith in the metal as a store of value and on speculation an improving economy will spur the Federal Reserve to slow stimulus.”

http://www.bloomberg.com/news/2014-01-08/u-k-royal-mint-says-runs-out-of-2014-sovereign-gold-coins.html

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