Bloomberg quotes BullionStar in a report about physical gold demand and constrained supply chains
- 25 Mar 2020
Bloomberg, one of the world’s leading financial markets, news and information networks, today quotes BullionStar in an article highlighting the huge levels of physical gold demand which bullion dealers around the world are seeing right now in an environment of constrained bullion supply chains.
In the article titled “Gold Coins Have Never Sold at Premium This High for So Long”, published Wednesday 25 March, Blomberg notes that:
“Sales of retail gold coins are revealing just how desperate investors are to find a safe haven”, but on the supply side that “the coronavirus pandemic that’s roiled markets isn’t just stoking demand for the haven. It’s also paralyzing supply. Around the world, flights are getting canceled, trucks are getting held up and metal refiners are shutting”.
Quoting Ronan Manly, BullionStar’s precious metals analyst, Bloomberg writes that:
'“Some wholesalers are currently not taking orders,” said Ronan Manly, an analyst at Singapore dealer BullionStar. “Wholesalers, mints and refiners are either low on stock or out of stock.” '