The new gold rush revives in full crisis

2020-09-28T23:54:02.502Z

The precious metal emerges as an alternative for investors in the face of stock market volatilityGold bars in the safe of the Degussa company in Zurich.Arnd Wiegmann / Reuters For the first time since the eighties, buying an ounce of gold in international markets is more expensive than buying a square meter of a flat in Spain. The scenario of low rates - lethal to obtain profitability with other bets - and of great instability in the financial markets has led investors to seek refuge in the

Gold bars in the safe of the Degussa company in Zurich.Arnd Wiegmann / Reuters

For the first time since the eighties, buying an ounce of gold in international markets is more expensive than buying a square meter of a flat in Spain.

The scenario of low rates - lethal to obtain profitability with other bets - and of great instability in the financial markets has led investors to seek refuge in the precious metal, which this summer exceeded 2,000 dollars (about 1,700 euros), like never before ...

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Source: elparis

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The new gold rush revives in full crisis

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