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

By Mark O'Byrne of GoldCore

CEO, GoldCore • Oct 6, 2017 at 7:26 AM EDT

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.

– 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

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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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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)

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Source: Gold.org

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