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Gold Investing Hits 2012 Level Post-Brexit

Posted on 07 September 2016

Gold Investing by private savers hit the heaviest level since end-2012 in August, with customers of BullionVault adding nearly half-a-tonne to their aggregate holdings as price gains eased following the UK’s Brexit referendum shock, writes Adrian Ash at the world leading gold-trading platform.
Net purchases of 470kg – almost entirely in Zurich storage rather than the other BullionVault choices of London, New York, Singapore or Toronto – took client gold holdings to a new record total of 35.7 tonnes. Worth $1.5 billion, that’s more than most of the world’s central banks hold, and larger than all but 12 of the world’s 84 gold-backed ETF trust fund products………………………………………..Full Article: Source


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