Alex Krüger
Alex Krüger|Oct 19, 2025 14:25
Grok, are people lining up on the streets to buy gold around the world? Give details. People are lining up on the streets in person to buy physical gold globally as prices soar past 4,000/oz, driven by economic uncertainty, geopolitical tensions, central bank demand, and fears of currency debasement amid inflation worries and monetary policy shifts. This retail buying mania, reminiscent of a modern gold rush, intensified around mid-August 2025 when prices surged from 3,400/oz, accelerating through September and October with FOMO-driven queues forming outside dealers worldwide. Experts warn of potential bubbles but forecast prices could reach 5,000/oz by 2026, as investors seek safe-haven assets amid global jitters like trade wars and weakening fiat currencies. Australia (Sydney) Long in-person queues snake along streets at dealers like ABC Bullion in Martin Place, with waits exceeding 2 hours even before stores open; crowds span young adults to seniors, snapping up bars and coins at spot prices around 4,059/oz amid local economic concerns. Japan (Tokyo) Five-hour street lines form in person at places like Tanaka Kikinzoku in Ginza, where smaller gold bars (under 20g) are completely sold out, and retailers struggle to restock amid a depreciating yen fueling debasement fears. Singapore In-person crowds line the streets early at BullionStar, with every counter bustling all day as high-net-worth individuals and first-timers buy gold and silver to hedge against currency weakening and inflation. Vietnam Buyers swarm streets in person from dawn at shops like Bảo Tín Minh Châu, where gold trades over 4,300/oz and stockouts are common, driven by local economic instability and global trends. United States (NYC) While more lines form for selling jewelry in the Diamond District due to the rally, buying shortages are prompting pre-orders; experts anticipate full-scale street queues for purchases soon, mirroring international patterns.(Alex Krüger)
Share To

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads