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Gold! Sales Soar Amid Volatility

CNBC.com
Wednesday, 29 Oct 2008 | 3:40 PM ET
Solid Gold Demand
Sales of physical gold are hitting record levels as people seek safety in precious metals, reports CNBC's Jane Wells

Sales of physical gold reached record heights as investors sought the traditional safety of precious metals.

"Since Sept. 15, I'd say business is up 300 percent," said Mark Albarian, CEO of Goldline, a dealer in bullion and coins.

"A lot of the buying is fear — but a lot is diversification," he told CNBC.

Watch the video for insights from Albarian — and from his customers.

(UPDATE: How has the Fed rate cut affected gold? Click for commodities data.)

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Disclosures:

Disclosure information was not available for Albarian or for his company.

Disclaimer

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