Silver ‘Boom’ Continues at Austrian Mint, Gold Demand Eases
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Muenze Oesterreich AG, the Austrian mint that makes the best-selling gold coin in Europe, expects silver coin production to rise by up to 36 percent in 2011, Chief Executive Officer Gerhard Starsich said.
The mint will produce up to 15 million 1-ounce silver coins in 2011, up from 11 million last year, Starsich said in response to Bloomberg questions today in Vienna. The mint sold a record 903,047 of its top-selling 1-ounce Philharmonic gold coins last year, Starsich said, without giving a forecast for the current year.