Monday, December 21, 2009

Panama bank offers gold for sale to the public

Panama: Credicorp Bank Now Offers Precious Metals

Thursday, December 3, 2009
The bank will offer its investment clients gold and silver bars and coins.
The product was born as a request from the customers, who demanded investment alternatives, specially in gold, a commodity whose price has grown around 60% in the last 12 months.

"Called 'precious metals' the product comprises the sale of gold and silver bars and coins, refined exclusively for Credicorp Bank (BVP: CRED) and certified by Swiss company Argor-Heraeus", reported

According to the newspaper, Credicorp is the first entity offering this product in Panama.

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