“Real Gold Heads East” in MoneyNews
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.
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