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Current DateTime: 05:11:55 15 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Oct.29
3:40 PM ET
Wednesday, 29 Oct 2008
Gold! Sales Soar Amid Volatility
Posted By:CNBC.com

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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Gold ETFs

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Freeport McMoRan [FCX  Loading...      ()   ]

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Disclosures:

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

Disclaimer

© 2009 CNBC.com

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Current DateTime: 01:03:48 15 Nov 2009
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