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

Courtesy of ZeroHedge. View original post here.

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

- 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

Recent Market Updates

- Yahoo Hacking Highlights Cyber Risk and Increasing Importance of Physical Gold

- Safe Haven Silver To Outperform Gold In Q4 And In 2018

- Plan For Run On The Pound

- Russia Gold Rush Sees Record Reserves For Putin Era

- China Catalyst To Send Gold Over $10,000 Per Ounce?

- Gold Matches S&P 500 Performance In First 3 Quarters; Up 12% 2017 YTD

- Gold Standard Resulted In “Fewer Catastrophes” – FT

- Financial Advice From Man Who Made $1+ Billion in 1929 – Importance Of Being Patient and “Sitting”

- “Gold prices to reach $1,400 before the end of the year” – GoldCore

- Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder

- Bitcoin “Is A Bubble” but Gold Is Money Says World’s Biggest Hedge Fund Manager

- Pensions and Debt Time Bomb In UK: £1 Trillion Crisis Looms

- Gold Investment “Compelling” As Fed May “Kill The Business Cycle”

- “This Is Where The Next Financial Crisis Will Come From” – Deutsche Bank

Important Guides

Essential Guide To Storing Gold In Switzerland

Essential Guide To Storing Gold In Singapore

Essential Guide to Tax Free Gold Sovereigns (UK)

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