1 week Filipino dollar millionaires turn to gold for pandemic security Inquirer
MANILA, Philippines --- 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 last year, a handful of the world's wealthiest---Filipinos included---are now opting to buy and sell the precious yellow metal to protect their wealth as the pandemic continues to change the global landscape. The company's managing partner, Joshua Rotbart, said that ... more