BCR has sold 3 tonnes of gold in 8 years

Newsroom 25/08/2016 | 13:20

The Commercial Bank of Romania (BCR) has transactioned 3 tonnes of gold in last 8 years since it had started distributing this product within the bank’s units.

During the current year, the gold sales had an increasing evolution. The demand has grown because of the risks in the financial markets, as a result of the small or partially negative yields on government bonds on the developed European markets, according to the lender.

„In time, gold proved to be one of the most certain form of heritage keeping. Despite the prices’ fluctuations, the gold value brought stability in the investments portfolio. In a difficult or unstable economic climate, gold is a cover asset, essential for every portfolio. Many experts recommend a 5-10 percent of the portfolio on the long term of private investors to be represented by the investment in physical gold, ” said Laura Hexan, chief of retail sales department of financial markets at BCR.

The most searched products are the ducats and the bar of 10g. The demand of gold investors focuses mainly on bars of medium or big size: 100g, 250g, 500g or 1000g. The bars of 20g are more requested especially from the perspective of an after-sale.

An important trend is represented by the acquisition of the gold coins for gifts or special occasions.

The bars offered by BCR are produced by the Swiss company Argor Heraeus and are classified as “good delivery.”

Georgiana Bendre

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