Friday, October 03, 2008

Financial Times: Wealthy Investors Demanding Unprecedented Levels of Physical Gold

Has the spot price of gold - or any commodity, for that matter - ever been this out of whack with physical demand?

Courtesy of the Financial Times:

"There is an enormous pick-up in investment demand. I have never seen a market like this in my 33-year career," said Jeremy Charles, chairman of the LBMA. "The gold refineries cannot produce enough bars."

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