Swiss stock up on gold – OpEd

Eurasia Review/Claudio Grass

Repost from 9-3-2021

photo of pile of Swiss 20 franc gold coins

“Over the last couple of months, it has become clear from conversations with friends and partners from the gold industry that there is a marked increase in retail demand for physical gold from Swiss investors. The most interesting thing about this development is that the bulk of new orders is coming from smaller accounts, showing that it’s ordinary savers and citizens that are driving this trend, rather than professionals, speculators or larger investors.”

USAGOLD note: The United States is experiencing a similar surge in demand from private investors who tend to gravitate towards coin and bullion acquisitions. The big institutions and funds favor gold ETF acquisitions for ease of holding and liquidating very large positions. “It is essential,” says Grass, “to think for oneself and to plan for the future, regardless of what the majority may think at the time or what any centralized authority might promise.”

Share
This entry was posted in Gold and Silver Price Predictions from Prominent Players, Today's top gold news and opinion. Bookmark the permalink.