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>> AUSTRALIA Latest News

APR 17, 2013 - Zero Hedge

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Gold Buying Frenzy Continues: China, Japan, And Australia Scramble For Physical

We noted here that the plunge in the paper price of gold (and silver) had prompted considerable renewed demand for physical and now it seems the scramble among the "more stable investor base" is increasing. The shake out of ETFs and futures has left the Australian mint short of deliverables and Japanese and Chinese gold retailers seeing a "frenzied" surge in demand. The customers are not just the 'rich' or 'elderly'; in China "they tend to wear water shoes and come directly from the market...;" in Australia, "the volume of business... is way in excess of double what we did last week,... ... Read More

Tags: Gold Buying Frenzy Continues: China, Japan, And Australia Scramble For Physical,  Australia Latest News