Krugerrand Output Jumps to 25-Year High

The obvious: Proving that Gold jumps higher when there is ecomonic trouble the Krugerrand Output Jumps to 25 year high on European Debt Crisis.

It is not that Gold jumped because of the crisis, it is how much it jumped:

Output last week jumped 50 percent to 30,000 ounces of blank coins for minting by SA Mint, Debra Thomson, Rand Refinery’s treasurer, said by telephone from Johannesburg today. That was the highest weekly production since 1985, she said.

To jump that much, this must be a serious crisis.


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