Gold Investment In Germany Surges – Now World’s Largest Gold Buyers
By: GoldCore
GoldSeek.com
Friday, 6 October 2017
– 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
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.
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