Saturday, November 26, 2016

Italians fear a Euro: the Run on Gold in Switzerland – NEWS

Saturday 26. November 2016

Italy difficult political times. Before the uncertain outcome of the referendum, the citizens bring their money to safety. Eight out of ten customers are now Italians, reported a precious metal dealer in the Swiss Canton of Ticino.

Italian buy according to “business week” increasingly, Gold and bunkers in Switzerland. Background the uncertainty about the outcome of the forthcoming constitutional referendum and the fate of Italy in the Euro-zone, was the magazine.More ingots to the topic

In the store of the precious metals dealer Pro Aurum in Lugano in the Swiss Canton of Ticino, ordered the Italians for a few weeks, propagated and coins. “Normally we have in Lugano, 20 percent of Italian customers and 80 percent of the Swiss. Now, this ratio has almost reversed,” said Pro-Aurum, CEO Robert Hartmann. Most of the Italians have left the Gold, then in the Zurich bonded warehouse of the German precious metal dealer to keep, as it is called.

On 4. December, the Italian constitutional reform, the Prime Minister Matteo Renzi and his political future is tied. He is in this mood test, this could be the beginning of the end of Italy in the European Union and the Euro, as Italian investors fear. Investment in Gold in times of crisis, as the security.




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