Gold Buyers Prosper in Crisis-Hit Italy

Reuters
August 21, 2012

[...]In a country suffering from economic crisis, buying gold off desperate people has become one of the few boom industries.

City centres are being transformed as traditional shops go out of business, their signs replaced by ones that announce “Compro Oro”, or “I Buy Gold”.

[...]“Business is very good, you can really feel the crisis,” said 30 year-old Alexia Messi, who works in Oro Change on Via Medaglie D’Oro in northern Rome. It opened its first branch five years ago and now has seven outlets in Rome.

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This article was posted: Tuesday, August 21, 2012 at 8:40 am

Tags: economics, financial, money, precious metals

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