“In debt crisis-stricken Europe, household gold supplies dry up after record prices and a deepening recession prompted a proliferation of places to exchange the metal for money.  In Portugal, the historical home of some of Europe’s biggest gold reserves, the number of jewelry stores, which include cash-for-gold shops, increased 29 percent in 2011 from a year earlier, a study commissioned by parliament found. In the first quarter, an average of two new stores opened every day, the report said. Now some of them are closing.”

http://www.bloomberg.com/news/2012-08-15/gold-runs-out-in-lisbon-as-falling-prices-compound-money-misery.html

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