Investors 'go bananas' for gold bars as global stock markets tumble
By GCRU Gold News on Thursday, February 11 2016, 22:18 - Permalink
Bullion dealers report record sales as buyers "queue round the block" to purchase the precious metal
BullionByPost, Britain's biggest online gold dealer, said it has already taken record-day sales of £5.6m as traders pile into gold following fears the world is on the brink of another financial crisis.
London-based ATS Bullion added it had been inundated with orders for the past week. The firm has sold 4,000 gold bars and coins since February 1, a 40pc rise on the same period a year ago when it sold 1,500.
Online gold investment platform BullionVault recorded its busiest-ever trading day on Monday, with investors buying and selling more than a quarter-tonne of gold, worth £7.2m, and more than 5 tonnes of silver, worth £1.7m.
Investors 'go bananas' for gold bars as global stock markets tumble