Elite buying up 27.5lb gold bars, 243% increase since January

By Shepard Ambellas | Intellihub.com

The $535K gold bars are being purchased from the vaults of large banks and holding centers

At today’s price of $1215,97 per ounce, these 27.5lb (440 oz.) gold bars are going like hotcakes, bullion experts say, flying off bank vault shelves with a 243% increase in sales since January of 2014 alone.

Some experts maintain that this can only mean one thing — a massive economic crash is likely on the horizon as top-tier investors are now scrambling for tangible investments.

Gold coin sales have also doubled in 2014, making it a buyers market.

Meanwhile stock prices are suffering inflation.

Sources:

Super-rich rush to buy ‘Italian Job’ style gold bars — The Telegraph

About the author:

shepard bio photoShepard Ambellas is the founder and editor-in-chief of Intellihub News and the maker of SHADE the Motion Picture. You can also find him on Twitter and Facebook. Shepard also appears on the Travel Channel series America Declassified.

For media inquires, interviews, questions or suggestions for this author, email: shepard@intellihub.com.

Read more articles by this author here.