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Peter August, CEO of Australian Bullion Company, Melbourne Australia, which is one of the largest and most respected bullion dealers in the country told KWN, “We have never, ever seen these levels of demand for physical gold and silver. One of the biggest changes we have found in recent times is that our client base has become much more savvy and they are aggressively buying on the dips....
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“As an example, with the recent plunge in the price of silver, we have noticed that the demand for physical silver has exploded. Another complicating factor is the fact that there are virtually no sellers in the silver market.
We have found the same exact buying pattern is occurring in the gold market. As the price declines, we have been experiencing an unprecedented amount of new orders for physical gold. Demand has been so extraordinary for both gold and silver, that our two main suppliers are in the process of ramping up capacity because they simply can’t handle the current levels of demand.”
© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
Eric King
Global Demand for Gold & Silver at Unprecedented Levels
King World News is continuing to get reports from sources around the world regarding tremendous physical demand in both gold and silver. The Perth Mint, one of the largest mints in the world, communicated to its customers on Friday, “Demand for our coins is currently running at unprecedented levels and we have been inundated by high levels of web and telephone traffic from clients all around the world. This has put tremendous pressure on our business systems and Customer Service department which have struggled to cope with the number of enquiries and orders.”
© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast,
rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
October 9, 2011
