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The Telegraph: Gold Demand Doubles Amid Economic Gloom

LONDON, 14 November 2011 - Latest results from BullionVault - the secure, low-cost gold and silver market for private investors online - today prove the impact of "the global credit crisis, inflation and the falling real value of paper money of all descriptions" reports The Telegraph online.

Writing for his blog at - the UK's second-most visited quality newspaper site, and the 22nd busiest website for UK traffic overall - personal finance editor Ian Cowie reports that "It's an ill wind that blows no good, and rotten returns from bank and building society deposits have boosted demand for valuable metals."

Quoting Paul Tustain, founder and chief executive of BullionVault, "The major driver of growth has been the steady realisation among private savers that low interest rates are here to stay," says The Telegraph's report. "Central bank statements have confirmed their fears.

"At the moment, every day, about 2,000 people in the English-speaking world are despairing of economic policy and its effects on their savings, and they are turning to gold and silver."

Today, says The Telegraph, "the [BullionVault] dealing facility, which was set up just five years ago, now holds gold and silver worth more than £1bn on behalf of 33,000 investors."

You can read The Telegraph's full personal finance report on BullionVault here...

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The Telegraph