Investors struggle to secure gold even as demand rises – The National

Investors struggle to secure gold even as demand rises – The National

Investors struggle to secure gold even as demand rises. The company usually helps customers buy gold, but governments have closed scores of businesses amid the crisis, making it increasingly difficult for people to get their hands on the physical product.. Grounded flights are disrupting plans to transport bullion around the world and gold mining firms are scaling back activities, decelerating the precious metals industry as demand for gold increases.. "The whole supply chain is getting tighter and tighter," said Debra Thomson, a global sales director for gold at IBV International Vaults, which offers safe-deposit boxes and the purchase of precious metals worldwide.. Private investors typically buy gold bars of 1 kilogram or less, far smaller than those traded between banks.. "We're still selling, but we've got to defer deliveries," Thomson said. ". Gold prices have whipsawed this month as some investors sold precious metals to meet margin calls during the worst market rout in more than a decade.. Goldman Sachs Group said that bullion is probably at an inflection point and it's time to buy.. Egyptian billionaire Naguib Sawiris said this week that he's raising his stakes in mining shares and veteran investor Mark Mobius noted this is not the