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October 13th, 2008
Posted: 02:32 PM ET
JOHANNESBURG, South Africa (CNN) — At the world’s largest gold refinery in South Africa the storage rooms are almost empty. Amid a financial credit crunch that has left investors anxious about the health of banks, stocks and property markets, many are putting their money into gold. Industry experts say bare shelves at the Rand Refinery are a result of unprecedented demand for the precious metal among investors seeking more stable markets. “I think the sky’s the limit at the moment,” said Geoff Millet, CEO at the Rand Refinery. “If you look at the billions of dollars of losses in the various stock markets and the uncertainty, we’re talking tons and tons of gold going into these markets.” |
 
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