LONDON, 27 March 2013 - The banking crisis in Cyprus has seen a surge in physical gold demand at BullionVault, the world's largest online provider, according to a report today at leading UK newspaper The Telegraph's website.
"Until news of the first, disastrous Cyprus deal, [2013] activity was very much in line with the same time last year," The Telegraph's personal finance editor Ian Cowie quotes Adrian Ash, head of research at BullionVault.
Since then, however, and for comparison, "we've had 65% more people buying gold on BullionVault than we did in the week after Lehman Brothers collapsed."
The Telegraph blog also looks at the high mark-ups charged on gold bullion coins by traditional dealers. You can read the full story online here:
Cypriot Bank Crisis Boosts Demand for Gold
Gold bullion - Buy online at live gold prices.
