Physical Sales Surge, as Paper Prices Plummet | Zero Hedge: "The spread between spot and physical continues to widen. Anyone who attempts to buy the real physical metal and have it delivered to your location will quickly begin to understand how out of line these two markets have become.
The US Mint backs this story, stating that the sales of its ever popular US Gold Eagles surged by 400,000 ounces last quarter.
Typically this demand has been from the East, as they are deeply linked with precious metals and know its true value in times just such as these. Ironically, this is not the case, as most of the surge in demand has been originating from the United States.
The World Gold Council has reported that the demand for gold coins and bars exploded by 207% in the last quarter, perhaps signalling that investors are finally starting to see the writing on the wall."
'via Blog this'
The US Mint backs this story, stating that the sales of its ever popular US Gold Eagles surged by 400,000 ounces last quarter.
Typically this demand has been from the East, as they are deeply linked with precious metals and know its true value in times just such as these. Ironically, this is not the case, as most of the surge in demand has been originating from the United States.
The World Gold Council has reported that the demand for gold coins and bars exploded by 207% in the last quarter, perhaps signalling that investors are finally starting to see the writing on the wall."
'via Blog this'
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