You are here
Investors 'go bananas' for gold bars as global stock markets tumble
By Elizabeth Anderson
The Telegraph, London
Thursday, February 11, 2016
BullionByPost, Britain's biggest online gold dealer, said it has already taken record-day sales of L5.6 million as traders pile into gold following fears the world is on the brink of another financial crisis.
Rob Halliday-Stein, founder and managing director of the Birmingham-based company, said takings today had already surpassed the firm's previous one-day record of L4.4 million in October 2014.
BullionByPost, which takes orders of up to L25,000 on the website but takes higher amounts over the phone, explained that it had received a few hundred orders overnight and frantic numbers of phone calls this morning.
"The bullion market has been building with interest since the end of last year but this morning things have gone bananas," said Mr. Halliday-Stein. "Some London banks are placing unusually large orders for physical gold." ...
... For the remainder of the report:
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/121517...
Buy metals at GoldMoney and enjoy international storage
GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:
http://www.goldmoney.com/?gmrefcode=gata
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
https://jeffersoncompanies.com/landing/2014-av-powell
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
