Gold is a kind of magic, say Swiss refiners

12/27/2012 | BBC

Switzerland has locked down about two-thirds of the world's gold-refining industry, with four sites processing more than $100 billion worth of gold in 2011. In recent years, jittery investors have been buying up gold to insulate themselves against monetary risks. "Gold has a very special role, I don't know if someone can explain what that special role is -- but it's very special," refinery director Mehdi Barkhordar says.

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