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Super-rich buy gold by the ton

Posted on 06 October 2010

From Telegraph: The world’s wealthiest people have responded to economic worries by buying gold by the bar by the ton. The world’s wealthiest people have responded to economic worries by buying gold by the bar - and sometimes by the ton - and by moving assets out of the financial system, bankers catering to the very rich told Reuters, the news agency.
Fears of a double-dip downturn have boosted the appetite for physical bullion as well as for mining company shares and exchange-traded funds, UBS executive Josef Stadler told the Reuters Global Private Banking Summit……………………………………….Full Article: Source


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