Gold is a coveted precious metal. Especially during times of crisis, when the markets go crazy. Just then, investors again seek a safe Harbor. In addition to the Swiss franc, which is almost always Gold.

Already before the week’s deadline, the financial portal Finews reported that before the business of Degussa, a gold trading on Bleicherweg in Zurich long, people have formed queues. It is a potential buyer of physical Gold. The next day, the company had to close his business due to the by the Federal Council adopted “extraordinary situation” in Switzerland. However, the trade continues on virtual platforms.

demand

increased According to the report, can order interested gold buyer in Degussa to online the precious metal, says Degussa-chief Andreas Hablützel in an interview with Finews. The demand had increased in the past few days to 30 times.

Hablützel confirmed that the supply of Gold has now been entirely stopped, as the four refineries in Switzerland, two in the Canton of Ticino, two in French-speaking Switzerland, the latter so far as the suppliers are now closed.

Also, the supply of precious coins from abroad is not interrupted, since the respective mints, mostly state-owned enterprises in the United States, Canada or South Africa, worked on currently, such as Finews reported.

precious metal only for two weeks

According to Hablützel Degussa operative in Switzerland, however, physical gold reserves, which were sufficient at the same paragraph for two weeks. After that, this company is the sale of set – because the warehouses are empty. “We will be with the utmost safety, the Last in the market, the set the sale”, is Hablützel quoted.

How dramatic the Situation is now, illustrates the message of the Zürcher Kantonalbank (ZKB). The financial institution announced on Tuesday that it will “turn your metal trade completely”. The location of your suppliers is located in Ticino, and this could no longer produce due to the closure.

“can be ordered until Further notice, no precious metal more and more,” concludes the ZKB, which is one of the most important precious metal dealers in the country. (zas)

Coronavirus

The Coronavirus currently holds the world in suspense. Many countries are taking measures such as Closing schools or limiting public events, to prevent the spread. In Switzerland, too, the grass, the Virus magnetized. All of the current information and Figures around the topic there is in the Coronavirus-Ticker.