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The incredibly rich rush to buy 'Italian job' gold bars

The wealthy are buying gold bars to protect their rich status, according to bullion experts.

 

The Scottish referendum which took place last week, triggered a rush gold bar for most people due to the economic uncertainties.

 

12.5g pure bars of gold estimated at £300,000 at today's value are being snapped up. They are usually stored in the central bank vaults and are the exact same ones you see in the film the 'Italian job'.

 

During the past three months, the sales of 1kg gold bars have increased and the price has rocketed to £25,000, according to sales figures by ATS bullion experts.

 

Whilst most customers arrange for secure storage, in a private vault, some customers have taken physical delivery of the 12.5kg bars

 

Popular gold coins such as the quarter ounce sovereign and one ounce Krugerrand have also doubled this year according to figures from BullionByPost.

 

If you need help in deciding a Lasting Power of Attorney to handle your financial matters, please contact our solicitors on 0800 567 7272 or email blvlaw@btinternet.com.

 

 

BLV Law

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