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Author Topic: British line up to buy gold  (Read 452 times)

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Offline Matthew

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British line up to buy gold
« on: October 06, 2008, 09:00:09 AM »
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  • From Jim Sinclair's website:

    Gold is the final form of money. It will be chosen by all those seeking safety from paper instruments & currency over treasury instruments of bankrupt countries.

    Financial Crisis: Rush for gold as savers queue for bullion
    Savers have been queuing in the street to buy gold bars and coins, as they search for a safe place to invest their money.
    By Harry Wallop, Consumer Affairs Editor
    Last Updated: 6:26PM BST 02 Oct 2008

    Traditionally, gold has been one of the safest investments during times of financial turmoil Photo: AP

    London's two leading bullion dealers, ATS Bullion and Baird & Co, have reported a rush of interest from savers, many of whom have hundreds of thousands of pounds worth of savings they want to convert into the precious metal.

    At least two customers have invested the entire proceeds from selling their houses into gold, each buying up more than L500,000-worth of gold bars, according to one dealer.

    Savers have been queuing in the street at ATS Bullion, whose offices are just off the Strand in London's west end.

    Sandra Conway, the company's managing director, said: "We've had to turn people away. The queues have been right out of the door and it's been really hectic at times.
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