This is the best quarterly performance for Gold in 30 years…
Rob Halliday-Stein, founder and managing director of the Birmingham-based company, said takings today had already surpassed the firm’s previous one-day record of £4.4m in October 2014.
BullionByPost, which takes orders of up to £25,000 on the website but takes higher amounts over the phone, explained it had received a few hundred orders overnight and frantic numbers of phone calls this morning.
“The bullion market has been building with interest since the end of last year but this morning things have gone bananas,” said Mr Halliday-Stein. “Some London banks are placing unusually large orders for physical gold.”
London-based ATS Bullion added it had been inundated with orders for the past week. The firm has sold 4,000 gold bars and coins since February 1, a 40pc rise on the same period a year ago when it sold 1,500.
“It’s been crazy – it’s been the best week since 2012. We’ve had people queuing round the block,” said Michael Cooper of ATS Bullion, a family run firm that trades online and also from an outlet in the West End.
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What do you think will happen to the price of gold when people realize that their paper gold is worthless? Strange how people are looking like deer in the headlights now that reality is sinking in.
David DeGerolamo
” . . . their paper gold . . . . “: green TP,,not for hoarding!
It is not even good TP.
I am reading predictions of $8,000.00 per ounce. That should get inflation going! which will make the Reserve banks happy.