Episode 136: Alasdair Macleod interviews Tony Baird of Baird & Co. Ltd – a London-based Bullion Merchant, refiner and member of the London Bullion Market Association.
Tony discusses the scrap market supply for both gold and silver and how “cash for gold” businesses have contributed to this market in the last few years.
He then details how busy they were during the price dip in April and just who was demanding physical gold and causing backlogs at all the major refiners. A boots-on-the-ground view from the physical bullion market that sheds fascinating light on the refining business and the recent supply and demand for physical gold.
This podcast was recorded on 25 June 2013.