Financial Crisis: Rush for gold as savers queue for bullion - Telegraph


Financial Crisis: Rush for gold as savers queue for bullion
Savers have been queuing in the street to buy gold bars and coins, as they search for a safe place to invest their money.

By Harry Wallop, Consumer Affairs Editor
Last Updated: 6:26PM BST 02 Oct 2008

Traditionally, gold has been one of the safest investments during times of financial turmoil Photo: AP
London's two leading bullion dealers, ATS Bullion and Baird & Co, have reported a rush of interest from savers, many of whom have hundreds of thousands of pounds worth of savings they want to convert into the precious metal.
At least two customers have invested the entire proceeds from selling their houses into gold, each buying up more than £500,000-worth of gold bars, according to one dealer.
Savers have been queuing in the street at ATS Bullion, whose offices are just off the Strand in London's west end.
Sandra Conway, the company's managing director, said: "We've had to turn people away. The queues have been right out of the door and it's been really hectic at times.
"Ever since Lehman Brothers went bankrupt, the phones have been going off the hook."
Traditionally, gold has been one of the safest investments during times of financial turmoil. In 1973 gold cost just $60 an ounce and hit $650 in 1981.
However, since the summer the price of gold has fallen as the dollar has strengthened – the two are linked quite closely.
But the fact that gold has not performed well in recent months has not deterred thousands of investors.
"They don't think of gold as a way of making money. They think of it as a safeguard in these turbulent times. You can move gold quickly, in a way that you can not with shares or cash in a bank account," Ms Conway said.
The average investor is buying up between £10,000 and £50,000 in bars on each visit, but it is possible to buy as little as a half sovereign coin, which costs about £70.
Some analysts say that while it may be romantic to buy bars of gold, there is a far more practical way to investing in gold. Investors can buy Exchange Traded Funds, which are like shares – they trade on the stock market – and they are directly linked to the price of gold.
Mick Gilligan, at stockbrokers Killik & Co, said that his clients had been asking about investing in gold in far greater numbers in recent weeks.
"It's lot easier to sell than the gold you keep in your sock drawer," he said.

el precio en euros casi no varía,

La verdad es que la gráfica pinta eso, turbulencias e inestabilidad. Nunca pensé que los adoradores de dólares y defensores de tal divisa, hicieran cola por monedas y lingotes. Qué lástima que se hayan dado cuenta tan tarde.

__________________

La verdad el oro es fácil de comprar, pero jodido de vender en nuestro pais, no hay mercado oficial para canjearlo, hay entidades privadas, antes los bancos compraban oro a precio oficial.

Los diamantes es dificil comprar, hay que controlar mucho, y hay 14 tipos de pureza, pero si vienen mal dadas es lo mejor, facil de transportar y no pitan en arcos detectores ni pesan tanto.

No se yo que es mejor, esta todo jodidisimo.

Me quedo con las latas de atún, es tangible y llena la tripa.

Pues no sé, sinceramente no veo difícil eso de vender oro, yo hace no mucho vendí una moneda por eBay, cuando el precio estaba en los 635, llegué a venderlo a 680 euros. Si tienes en eBay una cuenta con muchos votos positivos y te curras una buena imagen, que aporte confianza, no debe haber problema. Con la verdad por delante siempre, nada de ir dejando pufos, fotos de calidad sobre la pieza a vender, dar pistas para dejar claro que eres quien realmente vende la moneda, etc. Generar confianza. Luego el envío, generalmente por Nacex y garantizado, unos 9 euros que paga el cliente como es normal.

__________________

En tiempos de hambruna los ricos compran oro, mientras, los pobres empeñamos -para no recuperarlas- las alhajas de la agüela.
Siempre fué así.

__________________

como tuviera yo que empeñar las jojoyas de mi abuela lo tendría claro ni de mi abuela, ni de mi madre, ni siquiera mias...

Espero que el niño que aparece en la foto seas tú porque, como no sea así, estás cometiendo un delito, hijodeputa.

__________________

no empezar ya a joder el hilo por favorrrrrr

¿Quién está jodiendo el hilo?. A ver si uno no va a poder ni hablar. Anda y que te den, escribiré lo que me salga de mis santos cojones.

Pd: Comisario Don Lorenzo, qué gran hombre!

__________________