Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: Matt1344 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 37177  
Subject: U.S. Gold Bars and Coins Find New Home Overseas Date: 2/12/2013 4:44 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
http://www.reuters.com/article/2013/02/11/usa-gold-export-id...

"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
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement