Asians are buying physical gold bullions
January 30, 2016 6:49am CST
Since the gold price is low now, many people are buying physical gold bullions. The goldsmith shops and banks are running out of physical gold bars. They just do not keep stock of so many gold bars, since the demand is unpredictable. The huge demand for gold bars means that the premium over spot rate is higher. The mint will have to put in longer hours to make the gold bars, and to ship them throughout the world. That is why I do not think that the time is right to get gold bars now. The premium over spot is too high to make it a good investment. There is no guarantee that another gold price crash will not happen. If you want to buy, you might as well trade gold online. At least there is no physical product, and you can sell to cash out immediately.
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