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Greeks Turn Savings To Gold
Posted By kurtnimmoadmin On June 22, 2011 @ 1:34 pm In Economic Crisis | Comments Disabled
June 22, 2011
Gold and silver’s increasing safe haven status is seen in news from the Financial Times (front page) and from Bloomberg today (see news).
The Financial Times reports that “Greek citizens are emptying savings accounts and buying gold as they brace themselves for the possibility of a sovereign default and a run on the banks.”
Sales of gold coins have soared as savers seek a safer and fungible source of value, says the FT.
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