Message Font: Serif | Sans-Serif
No. of Recommendations: 1

"U.S. gold bars and coins find new home overseas on Asian demand

Mon Feb 11, 2013 5:07pm EST

* U.S. private gold export in Dec highest since Sept 2011
* Growing gold vault, precious metals ETFs stir demand
* Half of December gold export went to Hong Kong

By Frank Tang
NEW YORK, Feb 11 (Reuters) - Booming demand for gold as a
store of wealth among Asian investors is driving physical gold
bars and coins out of the United States and into Asia.
A growing number of gold vaults for affluent Asians and new
precious metals investment products, particularly
exchange-traded funds, have led to an exodus of gold owned
privately from the United States into emerging economic powers
such as China.


Regards, Ken
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.