Wednesday, May 23, 2012

 
 

 
 
 
 
 
Gold panic: Europe is running out of gold
Advertisement
Thursday, May 13, 2010
Text Size: increase text size decrease text size

From Mineweb:

The Austrian Mint, which produces the popular Philharmonic gold coin, sold more gold in the two weeks from April 26 than in the entire first quarter of the year because of soaring demand in Europe, it said on Wednesday.

The mint sold 243,500 ounces of gold in coins and bars in that period, compared to 205,000 ounces in the entire first three months of the year, marketing director Kerry Tattersall told Reuters in a phone interview.

"Demand is exclusively from Europe, we haven't had any orders from the United States and Asia in the last few weeks," Tattersall said. "That's a clear sign that there is panic buying because..."

Read full article...

More on gold:

A hugely bullish sign for gold

A gold mania could be just around the corner

Gold could be starting its biggest rally in history

Topics: Gold | Europe | Commodities
RSS Feed

 
©2012 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.