Sign in Subscribe
Tax law

Gold Rush: Royal Mint Sees Record Sales Amid Global Uncertainty

Strategic Insights

— 1 min read

The Royal Mint in Llantrisant, a small town near Cardiff, is behind a modern-day gold rush, as Britons buy coins to dodge capital gains tax and seek a safe haven from global turmoil. In the first three months of this year, gold coin sales have seen a 329 per cent jump compared to the same period in 2024, indicating last year's gold coin sales record is likely to be smashed. The Mint is raking in PS20million a year from precious metals, with the latest figures showing it is more lucrative than any other arm of the business.

Key Takeaways:

  • The Royal Mint sells over 7,000 gold coins every day, with a 329 per cent jump in sales in the first three months of this year compared to the same period in 2024.
  • The gold price has soared 33 per cent this year, driven by conflicts, trade wars, and other fears, making gold a safe-haven asset.
  • Investors are turning to physical assets, such as gold bullion coins, to avoid capital gains tax and protect their wealth from inflation and market volatility.
  • The Royal Mint has seen a significant increase in demand from private banking intermediaries and ultra-high net worth gold bullion investors, with customers now spending an average of PS2,000 on average with the Mint.
  • Women now make up 25 per cent of the customer base, up from 10 per cent before 2020, and demand from Gen Z is also picking up, although these customers tend to buy fractional coins at a lower cost.
  • The Royal Mint believes the gold rush will continue, with sales figures expected to be announced later this month.
  • Gold investors should be aware that investment in gold bullion coins from the Royal Mint is not regulated by the Financial Conduct Authority, and buyers must factor in delivery or storage costs.

Statistics:

  • The Royal Mint sells over 7,200 gold coins every day.
  • Gold coin sales have seen a 329 per cent jump in the first three months of this year compared to the same period in 2024.
  • The gold price has soared 33 per cent this year.
  • The Royal Mint rakes in PS20million a year from precious metals.
  • An average customer now spends PS2,000 on average with the Mint.
  • Women now make up 25 per cent of the customer base, up from 10 per cent before 2020.

Sources:

*

*

*

*

*

Read more