Gold deposits strike gold

Newsroom 10/12/2010 | 14:12

Gold has reached a new historic high at the National Bank of Romania, reaching RON 147 a gram, which represents 40 percent more than at the beginning of the year.

Traditionally, gold is seen as a safety net against inflation but this year has been the second year that gold has had very good yields for investors.

Piraeus Bank, which is the only local gold retail seller on the market- placed only in the first week of December 10 kilograms of gold bars and 300 British pounds in gold, which is what is usually sold in a month, according to Ziarul Financiar.

Otilia Haraga

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