DAMASCUS (Commodity Online): Syria's 10-month-old uprising has seen an upturn in ordinary people Buying Gold, according to a report this week from the Financial Times.
"I realized gold's value because of the crisis," the FT quotes a Syrian accountant called Rasha, who it says is using her entire monthly salary to Buy Gold.
One Syrian gold seller meantime says the numbers of people Buying Gold at his store is 30 times higher than before the crisis began.
"Customers are buying ounces, pounds, blocks of gold...they are not looking for artistically made gold, only for pure gold."
Syria is not the only Mid-East country whose citizens have recently taken to Buying Gold in greater numbers. Reports from Iran last month said that Iranians were responding to US and European sanctions by Buying Gold as a hedge against the falling value of their currency.
Source: bullionvault
