O Italians emptied their accounts and buy gold to Switzerland

According to the German business magazine WirtschaftsWoche (WiWo) Italians are emptying their accounts and buy gold to Switzerland. The reason is the uncertainty that exists about the outcome of the referendum next Sunday and the consequences that may have on the retention or otherwise of Italy in the eurozone.

In branch marketing precious metals Pro Aurum Lugano city, which is in the Italian-speaking canton Tessino southern Switzerland for weeks Italians orders increasingly gold bars and gold coins. "Usually we have 80% of Swiss clients and 29% of Italians, but now the rates have almost reversed," as Robert Hartman said, the director of Pro-Aurum in WiWo magazine. Most keep gold in boxes of free customs zone of German merchants Zurich bullion.