Wednesday, May 12, 2010

UPDATE 1-Austrian mint says gold sales soar on panic buys

An important headline that you won't see on many news feeds. Should read panic buying based on fears of all sovereign debt and fiat money.

'Demand is exclusively from Europe, we haven't had any orders from the United States and Asia in the last few weeks,' Tattersall said. 'That's a clear sign that there is panic buying because of concerns about Greece and the euro.'

Source: mobile.reuters.com

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