“Real Gold Heads East” in MoneyNews

Leave your thoughts

Real Gold Heads East … Far East

Lost in all the fuss about gold prices is the fact that there is strong demand for physical gold worldwide, especially in Asia.
By Ed Moy

Quote:

“Many investors in the Western Hemisphere, namely the United States and Europe, abandoned their positions in gold derivatives like exchange-traded funds (ETFs), short contracts and futures for potentially greater gains in the stock market. As a result, ETFs and other financial institutions have sold off a big chunk of their excess physical gold inventories.”

“These investors have long favored physical gold — in coins, jewelry, ingots and bars — due to their history with unstable governments and weak banking systems.”

Read the full piece at MoneyNews.com.

Tags: ,

Categorised in:

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>