http://www.bloomberg.com/video/china-has-enormous-appetite-for-gold-P1lyHOY_Tki~c2N84P~lcQ.html
Perth Mint, which
refines nearly all of the nation’s bullion, said that demand has
jumped to the highest level in five years after prices plunged,
with the factory kept open through the weekend to meet orders.
There’s been strong interest, including from the U.S., with
buyers speculating that the metal will rebound from the decline,
Ron Currie, sales and marketing director, said in a phone
interview from Perth.
Bullion plunged 14 percent in the two sessions to April 15,
the most since 1983, spurring buyers to boost physical holdings.
Billionaire John Paulson, the biggest investor in the largest
exchange-traded product backed by bullion, reiterated his
bullish view on prices. Coin sales by the U.S. Mint are set for
the highest month since December 2009, while premiums to secure
supplies in India rose to five times the level before the slump.
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