In a press release last week the Royal Mint reported record demand in international sales for the final quarter of 2021.
Many stackers have been choosing to buy one-ounce Britannia coins since they are regularly one of the lowest priced sovereignly minted coins available.
Demand for silver Britannias increased 14% over the same quarter in the previous year. Sales of Britannia coins from US bullion dealers are up 96% year over year.
“Globally precious metals continue to experience a buying frenzy with retail buying increasing to record levels in markets such as Europe and the U.S., showing that the retail investor is concerned over the progress of the global economic recovery as the pandemic continues,” said Nick Bowkett, Head of Bullion Sales at The Royal Mint, in the press release. “We saw significant demand from international markets as investors looked to offset inflations risks by adding precious metals to their portfolio.”
Headlines and stories of escalating tensions in the Ukraine and trade issues with China are causing worry that the economic recovery may be stalling.
Demand for physical gold and silver has jumped in recent weeks as analysts are predicting that rising inflation pressures and growing economic uncertainty will lead to volatility in the stock and crypto markets.
The Royal Mint has been expanding the product lines available over the last two years. The US has seen the biggest growth in terms of precious metals sales.
Silver has seen a buying frenzy with investors looking for a safe haven due to the pandemic.
Physical silver coins are the ultimate store of value and are a safe have physical asset. Britannia 1 oz Silver Coins are IRA approved and are guaranteed by the Royal Mint.
Sealed Mint tubes and Monster Boxes are also available.