According to Mennitsa Skarbova, a new gold sales record was set in Poland last year. In terms of sales, we are among the top five in Europe.
The Treasury Mint reports that in 2022, the Poles purchased about 19 tons of gold. This means that last year brought a new record for bullion sales to our country. In terms of sales, we are among the five largest European markets.
Poles are buying more and more gold
- Poles are increasingly willing to buy investment gold products, considering them as a safe form of savings for many years. Last year, Poland broke another gold sales record. According to our estimates, customers bought a total of about 19 tons of products made of this metal, which puts our country in the top five in Europe in terms of sales. emphasizes Yaroslav Zholendovsky, President of the Treasury Mint.
– Demand for gold will definitely increase in the medium term. The war in Ukraine, widespread inflation around the world and the recent turmoil in the global banking market will exacerbate this trend - he adds.
Will it get even better?
The President of the Treasury Mint is convinced that this year the barrier of sales of 20 tons of gold will be overcome.
However, on Monday the barrier of $2,000 per ounce was overcome. Commentators note that once again it turned out that investing in gold is a safe haven in difficult times. The last time such high prices for ore were recorded immediately after the start of the war in Ukraine.
The Treasury Mint also announced that it closed with the highest sales in history last year. Revenue in 2022 increased by more than 10%. to PLN 1.22 billion against PLN 1.07 billion in 2021, operating profit increased to PLN 32.85 million from PLN 29.78.7 million, while net profit decreased to PLN 21.5 million from PLN 21.7 million zł. The increase in income on an annualized basis is explained by Mennica Skarbowa, ia the situation in the world (after the start of the war in Ukraine, interest in gold increased). Concerns about recession and rising inflation were also significant, which always increases the interest of investors in investing capital in a stable and highly mobile investment, i.e. precious metals.
Source: Wprost
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