Post European Summit: Even Gold Loses it Luster – Boom in Safes in Germany

Posted by Joachim Bartels | Dec 13, 2011 | European Union, Germany | 0 |

Stocks and the Euro have been hit. Even gold has provided no safe haven. Investors are approaching the year end decidedly risk averse, with concerns about near-term euro zone financing uppermost. With so many assets vulnerable, the dollar and cash are among the few refuges, says Breakingviews.com.

The question therefore would be where to hide the cash? According to the German newspaper ‘Die Welt’ the safe business is booming in Germany. People appear to hoard their wealth at home rather entrusting it to banks. Good prospects for thieves.

Source: Die Welt and Breakingviews.com

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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