Wednesday, June 12, 2013
Investors bothered that inflation and also the financial market situation are going to wipe out the value of their cash have poured money into gold within the past decade.
Prices do gain about 500 per cent since the year 2001 – as compared with a 12 per cent increase in MSCI’s world equity index, a benchmark for the value of the world’s business investments. Based on records from the World Gold Council, profits of gold bars and also coins were the equivalent to approximately $77 billion ( £48 billion ) in , up from exactly $3 .5 billion ( £2 .2 billion ) in 2002 . Swiss refinery Valcambi has started selling the CombiBars, divisible valuable metal bars, to the private investors in Switzerland, Austria as well as Germany who is concerned about the hyperinflation. The 50g gold CombiBars are the size of a credit card, simply split up into one gram pieces to be used as money through the crisis. Michael Mesaric, Chairman of Valcambi, states that the advantage of the CombiBar (dubbed a ‘chocolate bar’) is that it is easily carried and is cheaper than buying 50 one gram bars. CombiBars are investment products which are a strong composite of 50 x 1g Gold, 100 x 1g Silver or 10 x 10g Silver Bars. They can also be available in Silver as legal tender 100 x 1g CombiCoin or 10 x 10g CombiCoin and as 50g Palladium and Platinum CombiBars. The single 1g / 10g bars are produced with precise constructed preset breaking points and thereby will be split up easily without the loss of material. The Purity of the consisted Gold is 99, 99% and of the consisted Silver 99, 9% such as regular produced Good Delivery bars too. The company aims to bring CombiBars to market in the U .S. as well as establish sales in India, the world’s biggest consumer of gold.