The demand for storage space in bullion vaults is rising.
You and I may not have to worry about finding vault space for hundreds of 400 ounce gold bars, but the growth in demand for secure storage for gold bullion is telling. As gold prices rise, high-wealth individuals and fund management companies with funds backed by physical gold, are having a tough time finding space …
Don’t buy gold coins from telemarketers.
With the price of gold surging ever upwards, telemarketers are coming out of the woodwork and plying their trade. First, they scare their listeners with tales of economic meltdown, evil banks, upcoming wars and anything else they can think of to make you nervous about your financial security. Then they start selling you gold coins. …
Private gold investors now own more gold than central banks.
It used to be that central banks were the big buyers and owners of gold bullion. Think Bank of England. Think US gold reserves in Fort Knox. Well, it seems the tables have turned. Central banks are buying less and selling more, with one or two exceptions, like India and China. (Funny how Western countries …