from Gold Silver Worlds:
The high demand around the world for physical gold and silver continues its race. In this short update we provide some highlights from different parts of the world, based on the latest reports (sources: Goldcore and Bullionvault).
Premiums for gold and silver bars have jumped higher all over the world. They have surged to multi-year highs in Asia. Reuters reports overnight that premiums are surging due to “strong demand from the physical market, which has led to a shortage in gold bars, coins, nuggets and other products.”
Shortages of gold and particular silver coins and bars is not confined to the small coin and bar market and there are also supply issues in the larger bar market with kilo bars being increasingly difficult to secure.
Swiss refineries are struggling to meet global demand for refined gold bars. They have been cleared out of their stock of kilo gold bars – the preferred form of gold bullion amongst many store of wealth, affluent buyers in Europe and Asia. Buyers have been told that they will have to wait until late May prior to receiving delivery on paid for product.
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