LONDON, 8 January 2013 - The balance of gold buyers over sellers on BullionVault, the world's #1 precious-metals service online, rose in December to its highest level in 12 months, reports Bloomberg, the international newswire and data service.
Quoting BullionVault's proprietary Gold Investor Index, "The gauge rose to 58.3 from 56.5 in November, climbing for a fifth consecutive month," Bloomberg explains.
"A reading above 50 means more buyers than sellers...BullionVault's customers [now] own more than 1 million ounces of gold, stored in vaults in London, Zurich and New York. About 90% of the company's users live in the US, the UK or Euro area, it said."
"What we're seeing on BullionVault," Bloomberg quotes Ben Traynor, chief economist at BullionVault, "is that people are increasingly concerned about high debt levels and loose central bank policy.
"These trends could lead to higher inflation down the road. People are buying gold to hedge that risk."
You can read the full report at Bloomberg:
BullionVault gauge of client buying climbs to 12-month high
The latest Gold Investor Index was also reported by Dow Jones Newswire in its Top Stories of the Day.
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