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Europe crisis spurs shift of gold to Asia: Deutsche Bank

Posted on 17 October 2012

The European debt crisis has prompted nervous wealthy investors to build holdings of gold in Asia and demand that banks allocate them individual bullion bars, a Deutsche Bank executive said. “We’ve seen a huge pick-up in demand for physical (gold) holdings,” Raymond Key, global head of metals trading, told Reuters.
“People are geographically moving out of Europe and into Asia and private wealth is becoming more sophisticated around how to manage credit exposure to banks, wanting to hold allocated physical metal in the right regions,” he said in an interview………………………………………..Full Article: Source


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