Super-rich rush to buy ‘Italian Job’ style gold bars

Friday, September 19, 2014
By Paul Martin

Economic uncertainties trigger rush for 12.5kg gold bars, worth about £300,000 each

By John Ficenec
TelegraphUK
18 Sep 2014

The super-rich are looking to protect their wealth through buying record numbers of “Italian job” style gold bars, according to bullion experts.

The number of 12.5kg gold bars being bought by wealthy customers has increased 243pc so far this year, when compared to the same period last year, said Rob Halliday-Stein founder of BullionByPost.

“These gold bars are usually stored in the vaults of central banks and are the same ones you see in the film ‘The Italian Job’,” added David Cousins, bullion executive from London based ATS Bullion.

The bars which are made from pure gold and are worth more than £300,000 each at today’s prices of $1,223 (£760) an ounce.

The Rest…HERE

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