Swiss gold sales surge as wary investors snap up precious metals

Reuters/Paul Arnold and John Revill

Swiss 20 Franc Helvetia

“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)

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