WHAT OTHERS ARE THINKING
Money Morning Australia’s Alex Cowie recently saw at first hand the clamour for gold and silver in Europe.
“I was strolling through the main square of a small French town a few days ago. It was about the same size as Tamworth – around 40,000 people. It was in the middle of nowhere. And would you believe next to the boulangerie was a shop selling gold and silver – and nothing else.
No foreign exchange. No travellers cheques. Just precious metals. So naturally I popped in to see how business was doing.
The shop seller told me the same thing I’ve heard in Australia (and other parts of the world). Bullion dealers can’t keep up with demand. According to her, sellers are buying increasingly large amounts of gold – particularly on the dips. And she can hardly get her hands on any silver to sell.
Remember – this wasn’t in the big smoke of Paris. It was a fairly small town. And I think it just goes to show the growing demand for physical gold and silver is global.
It would certainly back up the Perth Mint’s recent report that demand is …currently running at unprecedented levels and we have been inundated by high levels of web and telephone traffic from clients all around the world.”
Stephen Ward
The Perth Mint Blog
