Satyajit Das: Return of the Age of Gold
In Germany gold is now available from vending machines in airports and railway stations – Gold to Go. Shoppers can buy a 1-gram wafer of gold or a larger 10g bar. Seeking safety for their savings individuals have purchased 150 tons of gold mainly in the form of coins. Investors poured money into special funds (known as exchange traded funds (ETFs)) which pool investor monies to buy over 1 000 tons of gold. Having earlier sold off their holding some central banks are now re-building their gold reserves. Refiners are unable to keep up with demand for gold bars ...
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