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Commodities Briefing - Categorized | Bullion/Gold, Investment, Trends more

Euro crisis sparks a gold rush as investors flock to buy bullion

Posted on 29 October 2012

Britain’s biggest over-the-counter bullion dealer saw turnover triple in 2011as the euro panic pushed investors towards gold. East London-based Baird & Co recorded turnover of £1.35 billion in 2011, up from £417 million the previous year.
Profits were £5.9 million, up from £4.3 million in 2010. Shareholders enjoyed a dividend of £1.2 million, up on last year’s £1 million payout………………………………………..Full Article: Source


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