Straits Bullion to sell over 1,000 kg of PAMP gold in 2014
Thursday, February 20 2014 - 03:51 AM WIB
By Cepi Setiadi
PT Straits Bullion, the exclusive distributor of PAMP Swiss gold bars in Indonesia, has set a target to sell more than 1,000 kg of PAMP gold this year.
Surjadi Widjaja, Director of Sales at Straits Bullion told Petromindo.com on Wednesday that the company only sold less than 1000 kg in 2013.
"We are targeting to sell more than 1000 kilogram this year as the Indonesian economic (condition) is getting better," he said, without disclosing the exact amount of gold sold in 2013.
He added, so far the company's customers are mostly institutional buying the1 kilogram gold bar. "So far our customers are 90 percent institutional and the rest are retail customers," he said.
Editing by Reiner Simanjuntak