Austria: mint sold 243,500 ozs of gold in coins and bars in that period, compared to 205,000 ounces in the entire first three months of the year
Austrian mint says gold sales soar on panic buys
Tue, May 11 2010
VIENNA, May 12 (Reuters) - The Austrian Mint, producer of the popular Philharmonic gold coin, sold more gold in the two weeks from April 26 than in the entire first quarter on soaring demand from Europe, it said on Wednesday.
The mint sold 243,500 ounces of gold in coins and bars in that period, compared to 205,000 ounces in the entire first three months of the year, marketing director Kerry Tattersall told Reuters in a phone interview.
"Demand is exclusively from Europe, we haven't had any orders from the United States and Asia in the last few weeks," Tattersall said. "That's a clear sign that there is panic buying because of concerns about Greece and the euro.