View Full Version : Gold demand has risen to 3,659 tons: WGC

02-19-2009, 11:42 AM
Gold demand has risen to 3,659 tons: WGC

Gold demand has risen to 3,659 tons: WGC Commodity Online LONDON: The global economic meltdown has propelled a surge in demand for gold jewellery, bars and coins that the demand for the yellow metal has risen to touch 3,659 tons, says a new report from the World Gold Council (WGC). The Gold Demand Trends, compiled for WGC by GFMS Limited said that investment demand for gold, including gold exchange traded funds (ETFs), bars and coins, was 64% higher in 2008 than in 2007. ”This is equivalent to an additional inflow of $US15 billion. Demand for gold bars and gold coins...

http://www.ft.com/cms/s/eff64394-fdd7-11dd-932e-000077b07658,Authorised=false.html?_i_location=htt p%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Feff64394-fdd7-11dd-932e-000077b07658.html%3Fnclick_check%3D1&_i_referer=http%3A%2F%2Fwww.freerepublic.com%2Ftag %2Fnews-forum%2Findex&nclick_check=1

02-19-2009, 04:30 PM
I inherited a large collection of gold and silver coins a couple of months ago. The lawyer told me that I had to itemize them and place a value on them. It took me a month. My plan was to start selling them in December. Funny thing happened. I got so much pleasure looking at them, I started buying gold double eagle coins. When gold hits $1,500 an ounce, I might start selling. However, silver has increased more than gold this year. It's up 24% whereas gold is up around 15%. Both are damn good investments. The prices of gold coins on E-bay are out of sight.