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German Bullion Dealers Report Major Increase in Sales


 -- Published: Friday, 26 September 2014 | Print  | Disqus 

By Goldreporter

Bullion dealers from all regions report that gold sales in the German bullion trade market surge since last week.

Suppressed prices for gold and silver are obviously considered buying rates by German investors. The German precious metals trade reports a surge in sales.

Strong Sales

“For about a week we record considerably increased turnover again, which is now on previous year’s level, so it doubled compared to the recent months.”, Rene Lehman from the internet dealer Münzland in Dresden told Goldreporter.

“We can confirm that customer demand has considerably increased in the recent days.“, said Dominik Lochmann, CEO of ESG Edelmetalle in Rheinstetten.

Daniel Marburger, Director of Coininvest GmbH in Frankfurt/Main also stated that „In the past seven working days we have seen an extreme surge in demand.”.

Christian Brenner, Chief Executive of Philoro Edelmetalle GmbH: “Already in August we noticed an increase on orders compared to the previous months, but September… September beats it all. From a German viewpoint it’s the strongest month of 2014.”. At their head office in Austria they also register an “overproportional high level” of revenue.

The recent acceleration in demand didn’t pass by Degussa Goldhandel either. “With reference to the regular business with investors this month will certainly be the best so far YTD.”, CEO Wolfgang Wrzesniok-Roßbach told Goldreporter upon request.

A response from the precious metals dealer Pro Aurum in Munich was still pending by the time this article was published.

Goldreporter

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 -- Published: Friday, 26 September 2014 | E-Mail  | Print  | Source: GoldSeek.com

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