28.08.2008 - U.S. gold coin demand suggests Asian-style physical metal hoarding spreading to the West
From Mineweb.com: The problems the U.S.Mint has had in servicing demand for the popular one ounce Gold Eagle coins suggest that physical gold is again becoming a key store of value for the man in the street in Western economies too. Gold has long been considered a "safe haven" insurance policy by individual investors - and some institutional ones - against rising inflation and non-controllable political, natural and fiscal disasters. In Asian and Middle Eastern cultures this is especially the case with gold and other precious metals being kept against unpredictable needs - and, as a consequence, gold and silver are also used as wedding and festival gifts - indeed in some societies, particularly in India, such gifts are de rigueur in such ceremonies...... Full Article: Source