Momentum is continuing to build in gold bullion purchases as supply shortages and high premiums on physical metal are being reported all around the world.
by Lawrence Williams, MineWeb.com
Those who precipitated the recent fall in the gold price may have unleashed a beast that will put future efforts at market manipulation way out of their control. Physical metal is now seemingly becoming key in investors’ minds.
They are no longer putting any faith in paper gold and this is being seen in all quarters with reports from virtually all continents of demand exceeding supply of physical metal, and some hefty premiums being applied on sales of gold bullion.
Add to this particularly strong demand from Asia – reports have put the volume of deliveries into the Shanghai exchange so far this year of over 1,000 tonnes as actually exceeding estimated new mine production over the period.
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