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 mostpopular 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 theWorld 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 beaccessed on Gold.org here.
News andCommentary
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
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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
ImportantGuides
For your perusal, below are ourmostpopularguidesin 2017:
EssentialGuideTo Storing Gold In Switzerland
EssentialGuideTo Storing Gold In Singapore
EssentialGuideto Tax Free Gold Sovereigns (UK)
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