Central Fund of Canada (CEF)

[Picassa]

Wealthy investors hoard bullion

By Javier Blas in Kyoto

Published: September 30 2008 19:00 | Last updated: September 30 2008 19:00

Investors in gold are demanding “unprecedented” amounts of bullion bars and coins and moving them into their own vaults as fears about the health of the global financial system deepen.

Industry executives and bankers at the London Bullion Market Association annual meeting said the extent of the move into physical gold was unseen and driven by the very rich.


http://www.ft.com/cms/s/bf8246aa-8f13-11dd-946c-0000779fd18c,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fbf8246aa-8f13-11dd-946c-0000779fd18c.html%3Fnclick_check%3D1&_i_referer=http%3A%2F%2Fgata.org%2F&nclick_check=1