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Gold hoard of Germans at record high

German citizens currently own more than 9,000 tons of gold, even more than the Bundesbank.

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A new study by Reisebank brings it to light: the pandemic has caused gold to rise in favor among investors. Thus, 93.2 percent are satisfied with their gold investment. And most, namely four out of five, want to keep their gold, while three quarters are considering buying more gold. And especially among younger investors, gold could increase in popularity. Gold in the form of coins or bars is owned by 41.7 percent of Germans. Compared to 2019, about 270 tons more gold are now owned by citizens.

Over the past two years, more than a quarter of those surveyed by Reisebank have bought investment gold, spending an average of over EUR 4,250 on it. The reasons given for investing in physical gold were value retention, protection against inflation and the idea of holding a real investment in one's hands. Even if the pandemic subsides, more than 44 percent want to buy gold again in the future. The buying behavior of "Generation Z," those born between 1995 and 2010, is also interesting. Although they did not invest as much as other cohorts, in terms of numbers these younger people were particularly eager to buy gold.

Continued strong demand for gold can still be assumed, as the low-interest phase and the risk of possible crises still exist. Word has spread about gold's inflation protection. Those who are a bit braver can also stock up on the shares of gold companies, as leverage on the gold price beckons. There's Cheaspeake Gold or Revival Gold, for example. 

Cheaspeake Gold owns the Metates project in Mexico, in Durango. This is one of the largest undeveloped gold, silver and zinc deposits on earth. Other projects are on the company's radar screen. 

Revival Gold - https://www.youtube.com/watch?v=eFWMIaf1BsM - is advancing the Beartrack-Arnett gold project in Idaho. It is expected to produce an estimated 72,000 ounces per year over an initial seven years.

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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