zondag 12 oktober 2008

Increasing demand for precious metals

The financial crisis has created a new gold rush in Austria and other parts of the world, where investors believe gold and silver are the last safe haven for their hard earned money.


For the past 28 years there has been a bear market in gold but now the stock markets are collapsing all over the world people have regained interest in gold and silver coins like the Vienna Philharmonic. Sales of this coin, which is produced by the Austrian Mint, have gone up by more than 230% since last year. Until recently these coins were sold to collectors but nowadays they are sold in bulk to people who no longer trust the banks with their money.

Louis-Philippe Kerkhove

(BBC)

1 opmerking:

EcoEnglish zei

The financial crisis has created a new gold rush in Austria and other parts of the world, where investors believe gold and silver are the last safe haven for their hard earned money.
For the past 28 years there has been a bear market in gold but now the stock markets are collapsing all over the world [add a comma here] people have regained interest in gold and silver coins like the Vienna Philharmonic. Sales of this coin, which is produced by the Austrian Mint, have gone up by more than 230% since last year. Until recently [add a comma here] these coins were sold to collectors but nowadays they are sold in bulk to people who no longer trust the banks with their money.

good flow & style

olaf