You are here: Home » Business In Europe » Europe Business Events » Physical Gold Responds to Gold Hitting Two and a Half Week High Following Cyprus Bailout

Physical Gold Responds to Gold Hitting Two and a Half Week High Following Cyprus Bailout

by on July 18, 2013


(PRWEB Uk) 18 March 2013

Gold reached above $ one,600 following a radical bailout package for Cyprus which threatened to trigger fresh turmoil in the eurozone.

&#13

Stock markets fell around the globe, upon fears that the unprecedented levy would plunge Europe back into crisis.

&#13

Investors sought to look for safety in gold, following the eurozone agreed at the weekend to hand Cyprus a bailout really worth ten billion euros but forced the countrys depositors to pay up to ten% on their financial savings.

&#13

The move triggered fears that it could set off financial institution runs in other countries, as savers worried about the safety of their bank financial savings.

&#13

A spokesperson from Bodily Gold:

&#13

This unprecedented move from the eurozone has left numerous savers all through Europe concerned about the safety of their own savings, with numerous by no means expecting a tax on their savings. The events in Cyprus have left many anxious that this could occur in their personal nation also. One particular way to protect some of your savings could be to invest in gold, providing more security than a bank account and holding its value above time, as well as operating as a hedge towards inflation.

&#13

Bodily Gold Ltd is a foremost United kingdom gold dealer, helping traders diversify their portfolios with innovative investment options. Renowned for their ground breaking items this kind of as the Sipp gold and Gold Accumulation Account, the firm specialise in delivering buyers with tailored help in sourcing the greatest gold for their individual specifications. Based mostly in London, the crew are BNTA accredited and have an unrivalled information of the gold market place as properly as an excellent knowing of the standard economic markets.

&#13
&#13
&#13
&#13
&#13

Relevant Eurozone Stock Markets Press Releases

Comments on this entry are closed.