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Gold Buyers Prosper In Crisis-Hit Italy

Gold Buyers Prosper In Crisis-Hit Italy

Published: Tuesday, 21 Aug 2012 | 3:12 AM ET
By: Reuters

Times are now so tough that Valerio Novelli, a ticket inspector on Rome's buses, is planning to sell his old gold teeth.

"I can't get to the end of the month without running up debts," said Novelli, 56, who has to support an ex-wife and daughter. "I know I won't get much, but I need the money."

In a country suffering from economic crisis, buying gold off desperate people has become one of the few boom industries.

City centres are being transformed as traditional shops go out of business, their signs replaced by ones that announce "Compro Oro", or "I Buy Gold".

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