Butter Gold
Butter Gold (UK Only) What happened to ‘Gold’ butter? I can’t find it anywhere now.? I used to always buy this butter but now I can’t find it. If you know why please let me k...
Butter Gold
(UK Only) What happened to ‘Gold’ butter? I can’t find it anywhere now.?
I used to always buy this butter but now I can’t find it. If you know why please let me know.
Here is the only place that I found:
Ireland – Butter Museum at Cork
I believe it is now manufactured in France though
Swiss gold ingots in great demand as trust in banks dive
Swiss gold refineries are having great difficulty keeping up with demand for gold bullion leading to long delivery times as investors wary of other stores of wealth.
Sealed by gray concrete walls and barbed wire, workers goggles and steel-toed boots in this foundry can work fast enough to meet the demand of rich golden nervous systems.
This refinery, near Lake Lugano, in the Alps It's night and day as people worried about recession hurry to switch their assets into something that can have its value.
"I've been in the business of gold for 30 years and have never experienced anything like this, "said Bernhard Schnellmann, director of precious metals refiner in Argor-Heraeus, one of the three most in the world.
"Production has increased significantly since mid-year. We can not cope with demand," said Schnellman, wearing a gold watch on his wrist.
Spot gold hit a record $ 1,030.80 an ounce on March 17. He fell below 700 dollars at the end of October, partly because investors sold their holdings to cover losses in the stock and bond markets affected by the credit crisis, and is now around $ 830 an ounce.
The trigger for the price to rise again may come a dollar much weaker, which makes gold cheaper for holders of other currencies, and a renewed aversion to paper assets such as governments and central banks to pump large amounts of money on cash into the economy, sparking inflation.
Smoke waves like molten gold, bright as butter, pour. To cool, the worker dropped into the water. Whistling as hits. After hardening in the molds, the gold bars are embossed with the seal refinery. Workers in white gloves the pile of boxes like dominoes.
Although Switzerland is not a gold miner, is home to some of the world's largest refinery, processing an estimated 40 per percent of all newly mined gold.
Argor-Heraeus is partly owned by the Mint of Austria and a subsidiary of Commerzbank of Germany. Commercial and central banks are their major clients and said that some of the processes of 350-400 tons of gold and 350 tons of silver a year.
Customers who purchase gold bars, which can weigh over 10 kg each, will have to wait about a month, taking into account the year end holiday season.
To purchase the coins or ingots, which can fit in the palm of a hand, the delay is six to eight weeks. A year ago, these small products could be taken into a couple of days.
Concerns about the global banking system have increased global demand for physical gold, the Gold Council said.
"Many (people) are afraid to leave their money in banks," said Sandra Conway, managing director of ATS Bullion in London, which sells bullion and gold coins institutions and the retail market.
"It is difficult to quantify, but I'd say our turnover in the last three months without doubt doubled compared with the last three months, "he said.
Full Capacity
Other refineries Gold for Switzerland also say business is booming.
"Since the summer we have witnessed a surge in demand for certain products gold. The kilo bar has become very popular, "said Fiorenzo Arbini, in charge of health and safety at Pamp, another large Swiss refinery.
"People used to buy licenses, they now want physical gold."
Schnellmann Argor said the smelter is operating at full Heraeus capacity, three shifts of eight hours a day. The conquest of accumulation by the recruitment is difficult because each candidate has to undergo a security check.
Gold refineries were established in Switzerland to supply the watch industry and, later, the jewelry makers in Italy.
The largest Swiss banks stepped in to replace a void in the gold trade, while the London gold market was closed after the Second World War again for a brief closure in 1968.
The former Soviet Union, another gold producer again, Zurich banks chose to handle most of its gold sales in 1970 and 1980.
"Gold has an image of being the asset of last resort. This could be seen as outdated, but This is how enough people with enough money to think about the matter, "said Stephen Briggs, metals strategist at RBS Global Banking & Markets.
Gold Touch
India, China (cnmining) and the Middle East remain the largest importers of gold, especially for jewelry. But demand for physical gold has broken out in Europe too, the Council said Gold.
In Switzerland, the home of the largest global industry of private banking, the demand for gold bars and coins soared sixfold to 21 tonnes in the third quarter of 2008, more than any other European country.
The retail investment in gold rose 121 percent in the third quarter of 2008, an important contributor to the overall increase in global demand, the Council said Gold.
During this period, purchases of gold bars by retail investors, often buy through commercial banks, rose nearly 60 percent, mainly in Switzerland, Germany and the United States.
There was a wave of investor interest professional shortly after the collapse of Lehman Brothers in September.
Private bank Julius Baer in October launched a fund to invest exclusively in bars gold stored in high security vaults in Switzerland.
"The fascination with gold has been there since the beginning of civilization," said Schnellmann. "You can not explain: you can not eat gold, you can not build anything with her resilient and yet people want to grab him."
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