Physical Gold Respond to Cypriot Bank Crisis Boosting Demand for Gold

Share Article

Leading UK gold dealer, Physical Gold, has responded to the Cypriot bank crisis boosting demand for gold investment.

News Image
The Cyprus crisis has reignited fear about the eurozone and sparked worry about the fragility of savings held within the UK.

The recent Cypriot banking crisis has been a harsh reminder for savers to review how safe their savings are and that not all banks and jurisdictions are safe – boosting demand for gold.

A recent YouGov survey of 2000 investors found that 11% of them said they were more likely to invest in gold following the Cyprus bank crisis. One in four of those living in London shared that view.

Demand for gold coins has doubled since the Cyprus crisis began, with the 1oz Britannia coin the most popular in the UK and the 1oz gold maple lead coin the most popular in other markets.

A spokesperson from Physical Gold said:

β€œThe Cyprus crisis has reignited fear about the eurozone and sparked worry about the fragility of savings held within the UK. This has spurred many investors to consider gold investment to protect their savings as it offers a much more secure protection.”

Physical Gold Ltd is a leading UK gold dealer, helping investors diversify their portfolios with innovative investment solutions. Renowned for their ground breaking products such as the Sipp gold and Gold Accumulation Account, the firm specialise in providing customers with tailored assistance in sourcing the best gold for their personal requirements. Based in London, the team are BNTA accredited and have an unrivalled knowledge of the gold market as well as an exceptional understanding of the general financial markets.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Dan Fisher
Visit website