Private investors in Switzerland, Austria and Germany are lining up to buy gold bars the size of a credit card that can easily be broken into 1-gram pieces and used as payment in an emergency. ...
"The rich are buying standard bars or have deposits of physical gold. People that have less money are buying up to 100 grams," said Michael Mesaric, CEO of Valcambi. ...
Demand is particularly strong among Germans, still scarred by post-World War I hyperinflation, when money became all but worthless and it took a wheelbarrow full of notes to buy a loaf of bread.
"Above all, it's people aged between 40 and 70 that are investing in gold bars and coins," said Mesaric. "They've heard tales from their parents about wars and crises devaluing money." ...
"Sales rise according to the temperature of the crisis," said Thomas Geissler, whose firm Ex Oriente Lux operates 17 gold vending machines in Europe, the United States and the United Arab Emirates. ...
"Customers are hoarding gold mostly at home as a precaution against a crisis, just as their fathers and grandfathers did before them," Geissler said.
"The rich are buying standard bars or have deposits of physical gold. People that have less money are buying up to 100 grams," said Michael Mesaric, CEO of Valcambi. ...
Demand is particularly strong among Germans, still scarred by post-World War I hyperinflation, when money became all but worthless and it took a wheelbarrow full of notes to buy a loaf of bread.
"Above all, it's people aged between 40 and 70 that are investing in gold bars and coins," said Mesaric. "They've heard tales from their parents about wars and crises devaluing money." ...
"Sales rise according to the temperature of the crisis," said Thomas Geissler, whose firm Ex Oriente Lux operates 17 gold vending machines in Europe, the United States and the United Arab Emirates. ...
"Customers are hoarding gold mostly at home as a precaution against a crisis, just as their fathers and grandfathers did before them," Geissler said.
More information can be found online at http://www.goldbullionadvisors.com
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