Interesting article on what the high-end investors are turning toward. I can’t even imagine a “ton” of gold. How big would that be? Interesting commentary on what is occurring in our economies…the key being “moving assets out of the financial system”. Who does that leave in them?
_________________________________________________________________
Fears of a double-dip downturn have boosted the appetite for physical bullion as well as for mining company shares and exchange-traded funds, UBS executive Josef Stadler told the Reuters Global Private Banking Summit.
“They don’t only buy ETFs or futures; they buy physical gold,” said Stadler, who runs the Swiss bank’s services for clients with assets of at least $50 million to invest.
myBlessedHope 