Perandus Coins is set to open its first US store on the eve of the U,S.
Presidential Election, the company said.
The Philippine coin and gold trading market has been the subject of intense speculation and speculation on the part of the market, which was once one of the most heavily traded coins in the world.
Perandus is the Philippines largest coin manufacturer and the largest gold coin producer in the country.
“The Philippines is going to buy about 300,000 ounces of Peranduss gold coins and silver, which is going through the process of finalization, which should be ready in the first half of the year,” Peranduses chief executive officer and president, Juan Ramon Bata, told reporters in Peranakan on Friday.
“We expect that to be ready at the end of the first quarter of the next fiscal year.”
The Philippines has a population of about 20 million, of which about 1.5 million are Filipinos, and about 30 percent of them live in urban areas, according to a 2013 Pew Research Center survey.
According to PerandUS, it is the second-largest gold coin market in the U., with a market share of 10 percent.
The Philippines also has a thriving silver coin and bullion trading market, but the country has struggled to compete with China and other Asian countries for the coveted metals.
The Perandusal coin market, the largest in the Philippines, is expected to be the world’s third-largest by 2020.
Perandro Pino, chief executive of Perando Coin Exchange, told the Reuters news agency that he expects the Philippine economy to grow from 1.8 percent this year to 2.2 percent in 2021.
The country has about 9 percent of the world gold market, with China at about 2.4 percent.