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The precious metal feeding frenzy
['Katie Martin']
The Business Times
Gold and silver are on a tear but buyer bewareThe price of silver is playing catch-up with gold, which has been on its own spectacular tear, taking its price as high as US$5,300 an ounce.
PHOTO: REUTERSBRITONS, we are frequently told, just do not have it in us to risk our hard-earned cash on spicy endeavours such as speculating on stock markets.
Unlike our American cousins, we are supposedly too timid, too risk averse, much happier parking our funds in safe, boring bank deposits for a measly return.
But try telling it to the Royal Mint, which sells gold and silver coins and bars to the nation.
Demand for plastic tubes filled with silver Britannia coins is, it tells me, “huge”.