Analytics

According to the press service of the Bank of Mongolia, precious metal is purchased from legal entities and individuals. The volume of gold reserves in the country increased to 10.62 tons in July 2021. In February of this year, it amounted to 8.16 tons.

In 2021, the US Mint increased coin production. Last year, the indicator was low due to technological problems and restrictions due to the pandemic

Demand for products from precious metals of the Perth Mint (hereinafter - the Mint) has grown sharply over the past 12 months. Since July 2020, the company has sold 981.9 thousand troy ounces of gold and 17.8 million troy ounces of silver in the form of bullion and coins.

In July, precious metal quotes increased. The main reason is a decrease in the yield of the US Treasurers amid investor concern about the pace of economic recovery and the rapid spread of a strain of coronavirus called Delta.

There are a large number of mints in the world. They are private and public. There are so many of them that one article is not enough to tell about everyone. They mainly mint coins, and some modern mints produce bullion and tokens.

The Royal Mint of Canada reports high demand for gold and silver investment products for the first quarter of this year. Some customers buy precious metals due to concerns about higher inflation, others - in order to diversify the portfolio and reduce risks.

The European Central Bank is ready to allow inflation targets to exceed. The European Union is adapting the approach that the US Federal Reserve has adopted. However, the ECB went even further. Bank executives agreed to raise the inflation target to 2%.

During the pandemic period, the number of Indian citizens who sell yellow metal products increased sharply. This trend is related to the deterioration of the economic well-being of Indian families due to unemployment or reduced wages. The proceeds from the sale are used to pay for hospitalization and school fees, rental of housing or retail space. The gold reserve is spent as intended in conditions of instability.

During the first 6 months of 2021, the yellow metal exchange rate showed a fairly stable dynamics due to inflationary expectations and the Fed's soft monetary policy. Precious metal quotes kept the weak dollar and economic stimulus packages high.

The US gold coin Double Eagle of 1933 sold for $18.4 million! Bidding took place at the Sotheby's auction in New York. Now it is the most expensive coin in the world ever sold.