World’s rich are rattled and looking for old-fashioned security

Bloomberg/Benjamin Stupples

graphic image representing 'store of value'“This will be IBV’s sixth location, and it’s hardly the only such firm fielding queries from the wealthy. From London to Switzerland to parts of the U.S., the rich are looking to store precious metals, cash and cryptocurrency. For some, it’s the threat of a global recession. Others are avoiding bank deposits as negative interest rates force lenders to charge for holding cash. Many are concerned about natural disasters.”

USAGOLD note:  The move to safety has become a flood of activity among the very wealthy, according to this Bloomberg article.

Image courtesy of Visual Capitalist

Repost from 11-20-2019

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