Investors 'go bananas' for gold bars as global stock markets tumble

Section:

By Elizabeth Anderson
The Telegraph, London
Thursday, February 11, 2016

BullionByPost, Britain's biggest online gold dealer, said it has already taken record-day sales of L5.6 million as traders pile into gold following fears the world is on the brink of another financial crisis.

Rob Halliday-Stein, founder and managing director of the Birmingham-based company, said takings today had already surpassed the firm's previous one-day record of L4.4 million in October 2014.

BullionByPost, which takes orders of up to L25,000 on the website but takes higher amounts over the phone, explained that it had received a few hundred orders overnight and frantic numbers of phone calls this morning.

"The bullion market has been building with interest since the end of last year but this morning things have gone bananas," said Mr. Halliday-Stein. "Some London banks are placing unusually large orders for physical gold." ...

... For the remainder of the report:

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/121517...



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