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Gold Investment In Germany Surges – Now World’s Largest Gold Buyers


 -- Published: Friday, 6 October 2017 | Print  | Disqus 

– Gold investment in Germany surged in past 10 years
– Germans are largest gold buyers in world: WGC research
– Gold investment in Germany surges to €6.8B in 2016
– Gold demand per person is highest in world – double Chinese, UK and U.S. demand
– Gold one of the most popular investment for retail investors especially those with high incomes
– 59% of respondents agreed with the statement that
gold will never lose its value in the long-term
– 48% agreed with the statement that owning gold
makes me feel secure for the long-term
– Prudent Germans more aware of financial and monetary risks

Click on chart to enlarge

Germany’s Golden Decade from the World Gold Council 

Germany’s gold investment market has boomed in the past 10 years.

In the face of successive financial crises and loose monetary policy, German investors turned to gold to protect their wealth. In response, new product providers entered the market making it easier for people to invest.

Last year, more than €6bn was ploughed into gold investment products in Germany and, encouragingly, there is room for further growth: consumer research indicates there is latent retail demand which the industry can tap into.

Must read research from the World Gold Council confirming that prudent Germans are the largest gold buyers both in Europe and in the world has just been published and can be accessed on Gold.org here.

News and Commentary

Gold prices steady ahead of U.S. payrolls data (Reuters.com)

Gold settles lower, builds on a weekly loss (MarketWatch.com)

U.S. jobless claims fall; rise in exports helps narrow trade deficit (Reuters.com)

Crypto Coin Sales Get Fresh Regulatory Scrutiny as ECB Weighs In (Bloomberg.com)

US Mint Gold-Coin Sales Drop to Decade Low: Chart (Bloomberg.com)


Source: Gold.org

Gold Investment In Germany Surges To €6.8B In 2016 (Gold.org)

Why Precious Metals Are The Better LONG-TERM Store Of Value Over Bitcoin (GoldSeek.com)

U.S. Treasury increased the public debt by $318 billion (GoldSeek.com)

Europe Could See Another Brexit-Like Rupture—Beyond Spain (Bloomberg.com)

Puerto Rico Is Running Out of Money (Bloomberg.com)

Gold Prices (LBMA AM)

05 Oct: USD 1,278.40, GBP 969.28 & EUR 1,086.51 per ounce
04 Oct: USD 1,275.55, GBP 960.87 & EUR 1,085.11 per ounce
03 Oct: USD 1,270.70, GBP 959.00 & EUR 1,081.87 per ounce
02 Oct: USD 1,273.10, GBP 956.48 & EUR 1,084.55 per ounce
29 Sep: USD 1,286.95, GBP 963.15 & EUR 1,090.82 per ounce
28 Sep: USD 1,284.30, GBP 961.04 & EUR 1,091.40 per ounce
27 Sep: USD 1,291.30, GBP 963.83 & EUR 1,099.54 per ounce

Silver Prices (LBMA)

05 Oct: USD 16.66, GBP 12.64 & EUR 14.19 per ounce
04 Oct: USD 16.83, GBP 12.67 & EUR 14.29 per ounce
03 Oct: USD 16.61, GBP 12.53 & EUR 14.13 per ounce
02 Oct: USD 16.58, GBP 12.46 & EUR 14.12 per ounce
29 Sep: USD 16.86, GBP 12.60 & EUR 14.27 per ounce
28 Sep: USD 16.82, GBP 12.53 & EUR 14.28 per ounce
27 Sep: USD 16.89, GBP 12.58 & EUR 14.38 per ounce

http://www.goldcore.com/us/

 


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 -- Published: Friday, 6 October 2017 | E-Mail  | Print  | Source: GoldSeek.com

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