From: Bloomberg
London-based gold dealer Sharps Pixley Ltd. is running out of bars and coins as buying surges after Donald Trump won the U.S. presidency.
The company’s store, a short walk from Buckingham Palace, has arranged emergency imports of Britannia coins and kilogram (2.2 pound) bars to meet demand. The frenzy began on its website overnight and continued in store this morning, Chief Executive Officer Ross Norman said by phone.
“We keep running out of product — we’ve had to increase our credit lines to allow us to keep more stock on site,” Norman said, keeping a customer waiting on another line. “Swamped!”
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