Precious Stones

Precious Stones

Back they were the enormous posters that they hung the showcases of the banking offices supplying deposits to an annual interest of 6% the Euribor to twelve months, main Spanish hypothecating reference, has closed the day of yesterday (15/01/09) in 2,651% its lower level from the past 7 of November 2007. After its 67 consecutive fall, the Euribor locates its monthly average in the 2,849, against the 4,498 of January 2008. All to these they take us data to the reflection of which the saving in financial deposits does not give a high yield us. Although all these economic data, on the slope of Euribor, would have positive and to be well received by the citizens due to the economic conjuncture in which we are immersed, also they have its negative point since the yield obtained by the investors who invested their savings in deposits it is being diminished considerably, until the point of which they are destining its savings to other safer and profitable investments, as they can be metals and precious stones, well like raw materials ( gold, brilliant, emerald ) or like finished product (ring, necklaces, bracelets ) SOURCE: original Author and source of the article..

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