![]() ![]() But Valcambi still makes nearly all of the Credit Suisse gold bar products. But they quickly saw significant demand for these smaller-sized bullion products, and so they rolled out a line of gold bars available to buyers and investors all over the world.Ĭredit Suisse sold its stake in Valcambi to European Gold Refineries SA in 2003 for $400 million. Originally, Credit Suisse made its gold bars available only to its own clients. The first Credit Suisse-branded gold bars from Credit Suisse’s Valcambi facility were manufactured in 1979. In 1967, Credit Suisse acquired a 50% stake in the well-known Swiss precious metal refinery Valcambi SA, and owned 100% of Valcambi by the end of 1980. Prior to this, banks created bullion products – bars, coins, and rounds of standard weight and purity – overwhelmingly for institutions and for the ultra-wealthy. In the 1970s, Credit Suisse recognized a need for smaller-denomination gold bullion products for individual precious metal investors. ![]()
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