Fears about continuing economic instability across the eurozone, exacerbated by the Cyprus bailout, have seen demand for gold soar, according to internet dealer BullionByPost.
The company, which sells and delivers bullion to customers via Royal Mail, said it had seen weekly sales triple to more than £4million in the past two weeks.
It expects to record a turnover of £75million for the year to the end of April, up 40 per cent on the previous year. The company said most of the demand has come from new customers. It also claimed to have been 'inundated' with inquiries from people living in Cyprus wanting to buy gold.
This includes Cypriots and British expats, as well as people living in the UK but with bank accounts in Cyprus. (Source)
6 options to invest your money here. Nowadays, gold and another metals seems a good option to invest your money. But when everybody is doing (or think to do) the same thing, what are the risk? Are we facing a gold rush that could lead to a bubble explosion? Be careful. And if you are a lucky one, that bought gold sometime ago, keep alert - the time to sell could be near.
Definitely right. Gold has been one of the best way to invest your money. That is why several investors are buying gold and other kind of metal as well. Visit http://goldbuy.co for more details.
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