4
June
Gold Sales to Europe Jump on Greek Debt Crisis, Perth Mint Says
4 June 2010 Bloomberg.com
Gold sales to Europe from the Perth Mint surged in May as the Greek sovereign-debt crisis triggered a flight to haven investments, draining stockpiles at the producer of 6 percent of the world’s bullion.
Buyers from the continent accounted for 69 percent of gold- coin purchases last month compared with 51 percent a year ago, said Ron Currie, sales and marketing director. Individual German investors also bought silver, seeking to protect their wealth with “poor man’s gold,” Currie said from Western Australia.
http://www.bloomberg.com/apps/news?pid=20601203&sid=akSw6Ev3Lgs0
