More Koreans Invest Into Gold
kpride, Dec. 22, 2014, 10:26 a.m.
More Koreans are opting to invest in gold, now seen as a safe bet. With looming economic uncertainties brought on by a drop in global oil prices and the freefalling Russian rouble, investors here are turning to safer assets, including gold, savings and bonds.
According to the Korea Gold Exchange, sales of gold bars are rising almost twice as fast as last month. Some 160 kg of gold have already sold in the first 15 days of this month, while sales totaled 137 kg last month. If the pace continues, the monthly sales will surpass the previous record of 250 kg.