The sheer demand for gold in recent weeks has been incredibly impressive, with shortages reported as investors rush to make the most of lower prices.
(PRWEB UK) 6 May 2013
Global demand for gold is continuing with lower prices failing to dampen the appetite for physical gold demand.
A recent drop in prices has seen demand boosted dramatically with a shortage in physical supply of gold coins and bars reported by many gold dealers.
Recent bleak European, US and China growth data is also supporting gold due to concerns of recessions and global depression, with central banks including the Federal Reserve and European Central Bank set to continue ultra loose monetary policies.
Premiums for gold and silver bars have jumped higher all over the world, with them surging to multi-year highs in Asia.
A spokesperson from Physical Gold said:
“The sheer demand for gold in recent weeks has been incredibly impressive, with shortages reported as investors rush to make the most of lower prices. This ongoing demand should help boost prices in the long run, helping gold investment make some recovery.”
Physical Gold Ltd is a leading UK gold dealer, helping investors diversify their portfolios with innovative investment solutions. Renowned for their ground breaking products such as the Sipp gold and Gold Accumulation Account, the firm specialise in providing customers with tailored assistance in sourcing the best gold for their personal requirements. Based in London, the team are BNTA accredited and have an unrivalled knowledge of the gold market as well as an exceptional understanding of the general financial markets.