Global Royal Mint revenue 2015-2023, by geographic location
The revenue generated by the Royal Mint from 2015 to 2023 overall experienced an increase, with the Americas being the only market to generate lower income in 2023 than what was received in 2015. The largest consistent market for the Royal Mint was the United Kingdom (UK), as revenue was roughly double that of the next largest consumer, the United States, from 2015 to 2020. In 2023, the United States has turned out to be the main consumer. As of 2023, the UK and U.S markets consumed approximately the same levels of gold from the Royal Mint, generating comparable revenues in both markets.
What is the Royal Mint?
The Royal Mint is the official maker of coins in the UK, operating under the UK treasury. The role of the Royal Mint is to circulate coins in the UK. Coins are also provided for global markets. The Royal Mint provides the opportunity for individuals to generate a return through gold investment. Individuals can invest in gold bullion via gold bars, coins, or digital gold. Digital gold allows the purchase of smaller fractions of physical gold held in the Royal Mint vault. The Royal Mint, split into three broad divisions generates revenue from the production of gold bullion and from fees received through holding and facilitating gold trading.
What is the purpose of gold?
Gold has many functions at both the retail and institutional levels. Governments across the world use gold when minting coins for local currency. Government treasuries hold gold reserves which are used to support the value of local currencies and also act as a guarantee for government debts. Gold may also be used as an investment vehicle. Gold bullion is bought by individuals in the form of bars or coins often used to mitigate risk in times of high inflation.
