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Super-rich investors buy gold by ton

Posted By admin On October 5, 2010 @ 3:43 am In Featured Stories,Money Watch | Comments Disabled

Laura MacInnis
Reuters [1]
Oct 5, 2010

The world’s wealthiest people have responded to economic worries by buying gold by the bar — and sometimes by the ton — and by moving assets out of the financial system, bankers catering to the very rich said on Monday.

Fears of a double-dip downturn have boosted the appetite for physical bullion as well as for mining company shares and exchange-traded funds, UBS executive Josef Stadler told the Reuters Global Private Banking Summit.

“They don’t only buy ETFs or futures; they buy physical gold,” said Stadler, who runs the Swiss bank’s services for clients with assets of at least $50 million to invest.

Full article here [2]

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Super rich investors buy gold by ton 140910banner5 [4]

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[1] Reuters: http://

[2] Full article here: http://www.reuters.com/article/idUSTRE6932NR20101004

[3] Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43

[4] Image: http://www.homegain.com/homevalues

[5] Gold purchases up 36% as investors look to preserve wealth: http://www.prisonplanet.com/gold-purchases-up-36-as-investors-look-to-preserve-wealth.html

[6] Gold Rush by Many Investors Could Push Price Up to $1,200: http://www.prisonplanet.com/gold-rush-by-many-investors-could-push-price-up-to-1200.html

[7] Gold Rises To Record Sterling High: http://www.prisonplanet.com/gold-rises-to-record-sterling-high.html

[8] New Record For GLD Gold Holdings (+5 Tonnes); Gold On Its Way To Validate Goldman’s $1,400/Oz Prediction: http://www.prisonplanet.com/new-record-for-gld-gold-holdings-5-tonnes-gold-on-its-way-to-validate-goldmans-1400oz-prediction.html

[9] Gold futures glowing as investors hit panic button: http://www.prisonplanet.com/gold-futures-glowing-as-investors-hit-panic-button.html

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