“Gold retailers struggled to cope this week as parents buying dowries, casual shoppers and tourists snapped up bars, coins, nuggets and jewellery as a slump in the price of the yellow metal released years of pent-up retail demand.  The price decline in the past week, the steepest in 30 years, has tarnished gold’s appeal for the portfolio investors whose money had fuelled a 12-year bull run. As investors rush out, consumers that were priced out of the market for years have rushed in.  In the United States, sales of American Eagle gold for two days this week topped the volumes for the whole of March.”

http://www.reuters.com/article/2013/04/19/gold-sales-idUSL3N0D6EQJ20130419

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy