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Gold

Swiss panic-buying toilet paper and gold

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Finews/Claude Baumann/3-18-2020

photo of pile of Swiss 20 franc gold coins“One of the few places in Zurich to buy physical gold, Degussa’s Zurich showroom is emblematic of the hoarding mentality prevalent with Swiss shoppers. While retailers were picked clean of staples like toilet paper, flour, milk, and eggs, Degussa was overrun by retail or affluent clients looking to buy an emergency ration of gold.”

USAGOLD note:  The financially astute Swiss people have a centuries-old affinity for precious metals so it is not hugely surprising that gold would be on the same shopping list with other of life’s necessities.