Thursday, July 24, 2008

Volatile stock markets and a lack of confidence in the UK banking system has boosted demand for gold bars and coins from private investors to levels not seen for 25 years.

Investors buy gold bars in record numbers

Tony Baird of Baird & Co, one the UK's biggest gold bullion dealers, said business was getting busier and busier – with punters investing £1,500 to £150,000 in gold bars and coins. Baird, who has been in the gold business for 40 years, claimed that demand was on a par with the late 1970s.

Posted by malct @ 10:06 AM (799 views)
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5 thoughts on “Volatile stock markets and a lack of confidence in the UK banking system has boosted demand for gold bars and coins from private investors to levels not seen for 25 years.

  • beartil2010 says:

    So when does this consumer demand wash through to the traded price of bullion?

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  • If you’re interested in buying gold, here is an excellent article that puts the process into perspective. In short, gold is NOT an investment – gold is money, and therein lies a very important distinction.

    http://www.kitco.com/ind/Turk/turk_jul222008.html

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  • beartil2010 says:

    Nice article. I already have significant gold exposure both in bullion and stocks – which will remain fairly steady in value while the pound and dollar plummet over the next year. In my opinion of course, here’s hoping.

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  • i am buying bank shares at the moment, as they are cheap… soon i will buy streets of cheap houses for a 100 quid each…lol

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  • sold 2 rent 1 says:

    Looks like the $920 support is holding.

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