Lines Around the Block to Buy Gold in London…Banks Placing “Unusually Large Orders for Physical”

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What a difference a couple of weeks can make. The Telegraph is reporting the following:

BullionByPost, Britain’s biggest online gold dealer, said it has already taken record-day sales of £5.6m as traders pile into gold following fears the world is on the brink of another financial crisis…

Read more here.

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3 comments on “Lines Around the Block to Buy Gold in London…Banks Placing “Unusually Large Orders for Physical”
  1. 7th Avenue Aviator says:

    Supply & demand at work.

    73

  2. Mr.Proxy says:

    Just took delivery yesterday of another 50 silver coins from bullionbypost. Makes it 120 ounces in 2 weeks I have snuffled away. I’m feeling more secure now baby.

  3. YoLithos says:

    Houses. Gold. Butter.

    Yes, butter. When the bees are gone, there will be no more butter, except for the atrociously wealthy.

    Traditional values. No-brainers. Not that most feel the need for any. What the media tells them and what everyone agrees on is what’s right. Right? :)