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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Swiss banks lose old taste for gold

Posted on 30 January 2013

The wealthy have for centuries turned to Switzerland as a safe and convenient place to stash their gold. But Swiss banks are now demanding higher fees to accept the world’s bullion, as they seek to reduce the size of their balance sheets.
UBS and Credit Suisse, which dominate the powerful Zurich-based physical gold market, have hiked their charges for holding the metal, according to clients and people familiar with the banks………………………………………..Full Article: Source


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