Swiss gold sales surge as wary investors snap up precious metals
“Gold dealers in Switzerland are rushing to keep up with a surge in demand as worried investors seek out lower risk investments in precious metals with financial markets roiled by the coronavirus pandemic. Some sellers are seeing a ten-fold increase in sales of gold bars, coins and other pieces as existing buyers increase their holdings and newcomers enter the market.”
USAGOLD note: As mentioned previously, we at USAGOLD are experiencing a similar rush for the yellow metal. We recently sold out of our historic Swiss 20 franc gold coin inventory.
Repost from 3-24-2020
Image: A pile of pre-1933 Swiss 20 franc gold coins (Helvetia)