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Monday, 13th October 2008 (1935 views)

Growing interest in gold coins has led to several mints around the world struggling to keep up with demand.

The Austrian Mint, which makes the Vienna Philharmonic bullion coin, has increased output by adding a third shift onto its production process in order to keep up with the popularity of gold.

Marketing director Kerry Tattersall told the BBC that people are bulk-buying the precious metal as a safe option in the wake of global financial uncertainty.

Commenting on the increased production plan that has been put into place, he said: "We are just about keeping pace, but it is a bit of a struggle."

The US Mint has also encountered difficulties in meeting demand for gold.

It was recently forced to temporarily suspend supply of the 24-c gold Buffalo pieces - as well as the half-ounce and quarter-ounce American Eagle coins - due to unprecedented demand.

 

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