LONDON, 17 January 2015 - Today's edition of The Times of London contrasts BullionVault's strong gold and silver trading with the damage done to spread-betting 'bookmakers' by the sudden end of Switzerland's cap on the value of its currency, the Franc, this Thursday.
"While many trading firms suffered on the back of the soaring Swiss Franc," says The Times' highly regarded Business section, "for a few the shock decision to drop the country's currency cap was a cause for celebration."
Trading volumes on Bullionvault's physical gold and silver exchange, the newspaper goes on, "boomed to their highest levels in more than a year as investors took profits on their positions."
Several major companies in forex spreadbetting, on the other hand, said yesterday they suffered heavy losses as a result of the sharp spike in the Swiss Franc, with one declaring itself insolvent and another struggling to meet regulated levels of capital backing.
Times Online subscribers can read today's report here:
