Gold & Silver Forum - gold bullion demand 8 times the rate originally thought

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rad	06-05-2006 12:43 PM

gold bullion demand 8 times the rate originally thought

The world's big money brigade is snapping up gold bullion at eight times the rate originally thought, according to a report by UBS, the world's biggest gold trader.

http://www.telegraph.co.uk/money/mai...5/cnrussia.xml

The Argent Dragon

06-05-2006 01:42 PM

Re: gold bullion demand 8 times the rate originally thought

Quote:

"The sort of money that is chasing this market higher is not hot money," Ross Norman, director of the BullionDesk.com.
"It is slow steady investment by pension funds and long-term buyers. Anybody who thinks this market is about to head sharply lower is reading it badly," he said.

Sounds like a 'low-risk' winner to me.....:applause_

SilverNuts@Bolts

06-05-2006 01:54 PM

Re: gold bullion demand 8 times the rate originally thought

The whole world knows, where value lies. We here do, as well. The rest of N. America will find out around 2010 or so, few years, from now.

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