Another Mint's Gold Coin Sales Plummet

This time, it's the U.K.'s Royal Mint: its first-quarter gold coin output slipped 50%.

“People are not piling into gold in a way that they were in the past,” Dan Smith, an analyst at Standard Chartered Plc in London, said today by phone. “There’s been an improvement in risk appetite and people see less of a need to be in gold.”

The drop wasn't as bad as the Austrian Mint's, but it was still quite the drop.