Metals exec: 25% of physical gold buyers are crazy

These so-called crazy gold provide lots of business for Kitco. He said their influence is most obvious in the market for smaller units of physical gold between one and 32 ounces.

“These investors buy the metal and it just disappears. It goes under their mattress. They want to use it when the world ends,” Hug told CNNMoney.

Related: Tim Geithner says Europe may be in worse spot than Japan

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