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Commodities Briefing - Categorized | Bullion/Gold, Investment more

Why gold lost its lustre for investors

Posted on 31 January 2014

A couple of years ago, so much scrap gold was coming through the door of Baird and Co that the company could barely keep up. It is the biggest producer of gold products in the UK and Baird, based in east London, uses scrap metal supplied by pawnbrokers, traders and industry.
On the commodity markets, gold prices soared 170% between late 2008 and 2011. On the High Street, “cash for gold” traders were springing up and, with a recession taking its toll on household finances, plenty of people were willing to sell jewellery………………………………………..Full Article: Source


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VRS - who has written 36748 posts on Opalesque Commodities Briefing.


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