Inflation, uncertainty fuels new gold rush at ancient Austrian Mint
VIENNA, Dec 14 (Reuters) - The Austrian Mint, one of the world's oldest and biggest producers of gold bullion coins, is unable to keep up with demand as people rush to find a safe haven for their money amid surging inflation and economic fears caused by war in Ukraine. People are starting to notice what is happening to fiat currencies.
"Demand for gold has never been as high as this year," the Mint's Chief Executive Gerhard Starsich told Reuters in his ornate office in a Vienna building where coins have been struck since the 1830s. Behind its quiet facade lies a warren of workshops where modern machines melt metals and thump out money. This is a simple supply and demand issue and the time is now to aquire physical Gold and Silver.
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