In 2024, the Bank of Greece liquidated £35,972 and purchased 4,662 gold pounds, as gold prices hit a record high due to Middle East conflicts and upcoming U.S.
Investment in gold pounds surged in 2024, with the Bank of Greece liquidating £35,972 and purchasing 4,662 pieces. Gold prices hit a record high of over $2,700 per ounce, driven by Middle East conflicts and upcoming U.S. elections. The gold pound increased by 34% this year, yielding an 11% return for investors. To meet growing demand, the Bank introduced a direct payment system for transactions up to €100,000, streamlining the purchase process for gold and collector coins.
October 20, 2024
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