LONDON, 1 July 2009 - The volume of physical gold held by private users of BullionVault rose by 5.43 tonnes in the first-half of this year, Bloomberg reported this morning.
That was almost twice the amount added to client holdings in the same period of 2008.
"Investor preference for physical gold continues to grow," Adrian Ash, the London-based company?s head of research, told the newswire by phone today.
"People are looking to get off-risk with an asset that's proven to fend against inflation."
BullionVault now has more than 14,000 clients worldwide, Bloomberg notes, with about half its users in the UK and one-fifth in the United States.
You can read Bloomberg's story here.
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Source:
Bloomberg
