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Gold rush... for storage space
Many trying to stock up gold for investment amid uncertain times
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A worker polishing gold bars at the ABC Refinery in Sydney. Switzerland's banks have always been deemed a safe haven for assets and precious metals, but, in recent years, many people started to lose faith in banks and there has been a rising demand for safe deposit boxes that aren't run by banks.
PHOTO: AGENCE FRANCE-PRESSE
Danielle Braff
We're in the midst of a modern-day gold rush.
The precious metal has reached record high prices in recent days. A survey of 1,000 people by Magnify Money found that one out of six have invested in gold or other precious metals since May, and about half of Americans are seriously thinking about buying gold.
