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Safety First in Europe

As Greece teeters on the brink of leaving the Eurozone, investors across Europe are buying gold and storing it outside the EU.

By Eddie van der Walt, Bloomberg | Updated on June 29, 2015

European investors are increasing purchases of gold as Greece’s turmoil boosts the appeal for an alternative to the euro.

Demand from Greek customers for Sovereign gold coins was double the five-month average in June, the U.K. Royal Mint said in an emailed statement. CoinInvest.com, an online retailer, said sales on Saturday and Sunday were the highest since Cyprus limited cash withdrawals in 2013, driven by a jump in German, French, and Greek buyers.

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