LONDON, 23 June 2012 - Gold bullion holdings owned by BullionVault users have topped 30 tonnes - worth some £1 billion - for the first time, report several UK news outlets today, including the Western Mail, Liverpool Daily Post, Tamworth Herald and Walsall Advertiser.
Noting the sub-zero real interest rates now being offered to cash savers, "Finding a medium to long-term home for your savings is trickier," says senior Press Association finance writer Jeremy Gates in his weekly column, which is widely syndicated across the UK's national, local and internet press.
"Gold bullion has a growing band of fans," adds Gates, noting the most recent growth at Bullion Vault - "the physical gold and silver market for private investors online."
"Many people are disillusioned with the credit risk and low returns of traditional high street savings products," the PA article quotes Adrian Ash, head of research at BullionVault.
"Given this backdrop, it is no surprise that savers are continuing to turn to the world's oldest store of wealth."
You can read the Press Association's full report at Wales Online here...
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