Saturday 5 January 2013
CombiBars for jittery investors (dubbed Chocolate bar)
Product Concept / The Story Behind It
The idea of detachable bullion CombiBars™ came in the summer of 2010. Due to global banking and european currency crises, more and more investors started to demand a higher number of small bars rather than few larger ones to increase their flexibility in the event of an economic crisis or to simplify future trading.
Once they were patented, ESG, the German company Heimerle + Meule and the Swiss Mint Valcambi joined to produce and market the divisible bars worldwide.
It was reported on Dec 21 (Reuters) - "Private investors in Switzerland, Austria and Germany are lining up to buy gold bars the size of a credit card that can easily be broken into one gram pieces and used as payment in an emergency."
"The rich are buying standard bars or have deposits of phsyical gold. People that have less money are buying up to 100 grams," said Michael Mesaric, CEO of Valcambi
full article: http://www.reuters.com/article/2012/12/21/swiss-gold-idUSL5E8NL4N820121221
This money of last resort is for scary world. The popularity among buyers can serve as indicators too (i.e. Abundance, Fear, Bank Run or Hyperinflation etc). Now Switzerland, Austria and Germany are reported to be the Nation welcoming the introduction. If this phenomenon is spreading to Asia, we can expect the hyperinflation is around the corner.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment