British gold buying hitting crisis levels, says top dealer
From thearmchairtrader.com
Gold fever is sweeping through Britain once again. Data from BullionVault, the world’s largest online precious metals marketplace, show that UK investors and savers are buying gold at a pace last seen during episodes of outright financial panic, the sort of moments when the world feels as if it’s teetering on the edge. In October alone, the number of Britons opening new BullionVault accounts surged by 68 per cent to the highest level in 14 years. That last comparable rush came in August 2011, a month of collapsing stock markets, eurozone contagion, and rioting in English cities. The parallel, it seems, is less about ...
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