Gold Bullion Buying In Germany Surges Due To Growing Risk…” Germany knows lessons of history and Weimar hyperinflation”
By: GoldCore
GoldSeek.com
Friday, 15 May 2015
– Global gold demand marginally lower but robust – WGC
– Gold investment demand surges 63% as jewellery demand falls
– German gold demand spikes 20% in first quarter
– France, Switzerland and Austria see “double digit” rise in demand
– Fear of conflict with Russia, ‘Grexit’ and currency debasement
– Indian gold demand rises 15%
– Germany knows lessons of history and Weimar hyperinflation
Global gold demand remains robust as seen in the latest quarterly figures from the World Gold Council released yesterday. Q1, 2015 gold demand was just 1% lower year on year but was 3% higher quarter on quarter due to a surge in investment demand which was 4% higher year on year and a whopping 63% surge in investment demand quarter on quarter.
European investors increased their purchases gold during the first quarter according to the report. Increase in demand was highest in Germany while investors in France, Switzerland and Austria also showed strong interest in acquiring the precious metal, with “double digit” increases in demand.
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