Want gold? Get in line...

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Does that company buy gold?
Not everyone in line at the bank is withdrawing cash
 
That line was for ABC Bullion. ABC Bullion in Australia is more or less analogous to Apmex here in the USA - it's large gold and silver dealer. The Sky News article implies the lines were formed by people wanting to buy.

Buy Gold Bullion | Buy Silver Bullion Online at ABC Bullion

The Australian Bullion Company (ABC Bullion) is Australia's leading precious metal and gold bullion specialist. We have been trading continuously for 40 years. Since 1972, we have offered investors like you the widest range of investment-grade gold and precious metals in Australia.
www.abcbullion.com.au
 
ABC states on that site to bring the physical metal to their office to sell.

I am implying they are all there to sell their metal for record “profit.”

Some guy (PM bug) online quoted a another person online (wilhelm middelburgher) quoting another guy (wall street silver) quoting another guy online (JulieGsilver) that ABC was not delivering. So apparently ABC needs metal and all those in queue were asked to come sell to them.


My point being, be cautious as our colleague rblong (?) and don’t get stuck for fourteen years buying all at a high.
 
I think paper printed money is failing everywhere and spread that all the time. But, i have a caution showing my coworkers and family the prices right now. Stuff is only worth what someone else will give you for it.
 
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