Filipino dollar millionaires turn to gold for pandemic security

Filipino dollar millionaires turn to gold for pandemic security

The Philippines’ dollar millionaires are bracing for the prolonged impact of the new coronavirus disease (COVID-19) pandemic by moving their money not into stocks or bonds, but into a more traditional investment—gold reserves. According to J. Rotbart & Co., a Hong Kong-based firm specializing in trading precious metals which set up shop in the country […]