Swiss gold sales surge as wary investors snap up precious metals

Reuters/Paul Arnold and John Revill/3-24-2020

“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.

Image:  A pile of pre-1933 Swiss 20 franc gold coins (Helvetia)