England - Tails to buy gold in London
04-10-2008 newspaperThe people look for protection in the gold opposite to the crisis.
The current financial crisis has caused a strong demand of gold, value traditional refuge, as they testify the tails that there have formed lately opposite to ATS Bullion, British company dedicated to the commerce of precious metals.
“A strong demand has taken place. Very few are selling gold, what explains the tails”, the managing director of this company declared to the newspaper “The Guardian“, with head office in London.
The manufacturers of coins and ingots see them and wish them him to satisfy the increasing demand, and the stock do not stop decreasing, especially as for the krugerrand, the currency of major circulation in the world.
The Krugerrand Refinery, manufacturer of this currency of origin surafricano, it works at present to full yield just as the Austrian mint, which "Vienna Philharmonic" makes, while the US Mint has turned out to be forced to suspend the sales of "American Buffalo" because it was remaining without provisions.
According to “The Guardian“, many wide-awake investors have realized that an ounce in golden coins costs less than a golden ounce, with what they can do a rapid benefit.
This way, the price of the gold, which overcame the barrier of thousand dollars this year, has lowered to approximately 880 dollars the ounce while the currency “American Eagle“, of an ounce, was selling lately at 789.95 dollars and the "Buffalo", to 800 dollars.
04-10-2008 EFE
