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Wednesday, 8th April 2009 (1407 views)

A gold dealer in Winchester, Indiana has witnessed a sharp increase in interest from investors in the metal over recent months.

The company's owners claim that they are struggling to meet record demand for gold in the current economic climate, the Star Press reports.

According to Rita Graft of SilverTowne, business in jewellery and precious metals has never been so busy and the company has been making more gold medallions and ingots than ever before, with two shifts of workers now employed by the firm.

"We have so many orders to fill, we're about four to five weeks out to make it," she told the news source.

Gold prices soared to a record high of more than $1,000 (£679) in February this year and demand for the precious metal is currently high.

Meanwhile, a growing number of US residents are investing in gold during the financial downturn, leading to a state-wide shortage of some of the more popular gold coins in Utah, an expert recently told the Salt Lake Tribune.

 

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