A wave of a gold and silver buying frenzy broke out across the world. In many countries, people queued for hours to reach the sales platforms in gold shops. For example, in Australia, Singapore, and Vietnam, there were long queues and pre-orders for gold and silver. In Bahrain, for instance, the initial focus was on gold, but when its prices soared past four thousand dollars an ounce, investors strongly shifted towards silver, leaving the two companies holding the franchises for trading them in a vulnerable position. People were terrified of the risks.
