LONDON, 7 May 2013 - BullionVault's latest Gold Investor Index, which tracks the balance of buying and selling on the world's largest internet bullion exchange, is this morning reported by Bloomberg.
"The index jumped to 58.6 in April," says Bloomberg, "the highest since December 2011." A reading above 50 means more buyers than sellers.
"While this surge in new business is already easing," Bloomberg quotes Adrian Ash, head of research at the online service for investors to buy and sell physical gold and silver, "it shows the strength of pent-up Western household interest in physical bullion.
"The response to April's sharp fall is redolent of Asian gold demand. Developed-world savers didn't chase prices higher in late 2012. Now they're buying the drop."
BullionVault users currently own gold worth about £1 billion ($1.56 billion), Bloomberg reports, storing it in vaults in London, Zurich, New York and Singapore.
To read the full report click here:
BullionVault Demand Gauge Jumps to 16-Month High After Bear Drop
Bloomberg's report on BullionVault's Demand Gauge is also carried by leading finance magazine BusinessWeek.
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