“Everyone, everywhere, is buying gold”

by Pierre-Francois Besson, swissinfo.ch

Gold, a safe haven just like the Swiss franc, is breaking records and should continue on its upwards spiral, expert Frédéric Panizzutti tells swissinfo.ch.

Panizzutti, vice president at Geneva-based gold trading group MKS Finance, says gold’s advantage is that it can be exchanged all over the world and against all currencies.
But some are convinced that the gold bubble will burst. What is true is that gold has been hovering above the $1,800 (SFr1,421) per ounce (around 31 grams) threshold in recent days, reaching a record $1,900 per ounce for a time on Tuesday – and price of the metal has risen by almost a third since the beginning of the year. READ MORE

Categories: Economics, Switzerland

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