OT-Gold shortage in EU

It is not just professional investors who are worried. Bullion traders report a sharp increase in demand from ordinary savers. Refineries in South Africa say they are overwhelmed by orders from Germany for Krugerrand gold coins. The Austrian mint says it ran out of its stock of similar coins last week, as the price of an ounce of gold broke through ?1,000 (£850) for the first time.

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The other day I saw gold coins being sold on an infomercial on daytime TV. I tool this as a sign that this is definitely NOT the time to buy gold.

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