Many investments in gold and silver
Business
Because of the Ukraine war and the high inflation investments, more and more people in Salzburg are investing in gold. Coins and dealers Buyers of gold are now noticing again that the trade in valuables, jewelery and coins revives, especially in times of crisis.
Many would now reinvest in gold and silver to get rid of the cash. Gold buyer Peter Seidl from the city of Salzburg describes the war and the fear of rampant inflation as driving people to sell family jewelery or old coins: “You can tell that there is a compulsion behind it. normally people don’t do that, but in this difficult time they sell something.”
Silver fluctuates compared to gold
The gold price has been stable for a long time. Give only with silver
it always fluctuations. The silver price has even fallen recently, says Seidl: “Demand is very high, but the market is pretty empty. Because, even at these prices, silver tends to be held back.”
If you want to sell or buy gold or silver, you should compare the current prices and costs and get advice from renowned experts, Salzburg’s precious metal dealers recommend.
Boom both ways
Collect, trade, sell and buy. The coin business is going well. Most of the money brings old coins and gold coins. The better the quality, the higher the price – the palette ranges from small and rare coins around 20 to 30 euros to very high amounts of money for special coins.