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The Greeks are “digging up” the pounds they have under their mattresses and in their chests, hoping that they will benefit from their liquidation and, in fact, at a time when the mocker is attacking their income. More specifically, according to data from the Bank of Greece (BoG), in the first quarter of 2020, individuals purchased 28,064 pieces (Elizabeth 1973, 1974 and previous years) compared to 21,502 in the same period last year (an increase of 23.38 %).
“If the restrictive measures had not been imposed on travel since mid-March, then the quarter would have closed much higher,” comment sources told Free Press, noting that although the BoG, like all banks, continued to operate during closing, public visits were more rare.
“We have seen such a high level of trade since the economic crisis erupted in the country.” At that time, the pounds of gold were sold to survive. Today is a combination of exploitation of the times, since the prices of the precious metal continue to rise, with any fluctuation, and the need to strengthen the income that has been affected by the pandemic, “they conclude. According to the supervisory authority, the price of Purchase of the pound of gold at the end of March was 333.47 euros, while in 2011, for example, the price of liquidity barely exceeded 276 euros.
However, on 4/5, the amount that gold holders can earn in case they decide to sell them has skyrocketed to 353.20 euros. It is worth mentioning that the contract price for the gold delivery in June 2020 registered gains of + 1.07% yesterday, Monday, at $ 1,719.10 per ounce, while the precious metal ended in April with an increase for the second consecutive month . , with its price strengthening at + 6.7%.
With hat
As for the prices at which the BoG sells pounds of gold, they continue to be with. Hats, which explains the moderate interest, in terms of investors, in acquiring them. In particular, as reflected in the data from the supervisory authority, in the first quarter of 2020 only 2,016 units were sold to individuals, compared to 2,206 in the same period of 2019 and 3,636 in the first three months of 2018 (-9.42 % and -80.36% respectively).
According to the daily price sheets, the purchase cost exceeded 469.00 euros at the end of last March, increased by 40.65% compared to the price obtained in pounds by individuals. The scissors in question are still moving to double digits, as 4/5 the BoG sold pounds of gold at 452.44 euros (+ 21.93% against the purchase price by individuals).
Information source of the newspaper “Eleftheros Typos”
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