Gold rush as Lao prices drop

“The recent drop in gold prices on the Lao market has brought buyers out in droves to purchase gold jewellery while it remains cheap.  According to gold shops in Vientiane, sale prices yesterday were at 5,060,000 kip (US$655) per baht-weight for gold jewellery – down about 500,000 kip per baht-weight on previous months.  According to gold traders, large numbers of buyers have visited gold shops in Vientiane to purchase gold jewellery and bars as an investment.  Some shops at the Talatsao Mall were stripped bare of all of their wares as a result of the gold rush.”

http://sg.news.yahoo.com/gold-rush-lao-prices-drop-060002085.html

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