YEREVAN 5 C°
RA CB:
  • USD - 396.02 AMD +0.02 EUR - 431.27 AMD +0.27 RUB - 5.71 AMD +0.71 GBP - 490.04 AMD +0.04
  • GOLD - - AMD SILVER - - AMD PLATINUM - - AMD

Europeans Start Buying Gold

Europeans are buying gold in fantastic pace which is very surprising, because in strong economy gold is not the best thing to buy. It shows that people have fears for the future.

According to the report of World Gold Council the demand for total gold and coins has increased by 20 percent in Germany. It has increased by double-digit also in France, Switzerland and Austria for the first quarter of this year, CNN reports.

The reasons come from the unstable economic situation in Europe and European Central Bank’s current policy of purchasing $1.3 trillion of bonds or "money printing" program. Both reasons have psychological effect on the people’s mind, which lead them to insure their future by buying gold.

Other materials on this subject

Other materials on this subject


Most read

day

week

month

    Weather
    Yerevan
    sunny
    Humidity: 56%
    Wind: 2.06 km/h
    4 C°
     
    21°  10° 
    30.03.2024
    19°   
    31.03.2024