Cash into Gold

According to estimations of market specialists, one of the most suffering sectors of the Greek market will be the department of . The public interest about jewellery has decreased a lot and the phenomenon of closing jewellery businesses has gone up. Despite the above fact, the wealthier citizens are still highly considering their interest in the gold and jewellery market. Afraid of the next day of Greek economy, they are investing their money in golden jewellery or banking gold (investment gold) because it is still the safest investment good. It is a fact that the price of gold two years back, was approximately 700 dollars per ounce and now it has doubled giving the investor about 1350 dollars per ounce. The conversion of your money into gold in Greece, is made by Pireos Bank and the Bank of Greece but as it seems only a small number of people are choosing this way. Most people who are interested in changing money for gold prefer merchants, jewellery work shops or jewelers because as it seems the buy gets cheaper this way. In this case the danger is obvious because some canny individuals have distributed golden coins of lower value into the market such as the Libanon gold coins with only 21,5 K and Italian gold coins with only 14K, in contradiction to the authentic British gold coin with standard 22 K, total weight 8 g (7,32 g pure gold and 0,68 other materials).