The Germans are massively buying gold

Writes Stephen Georgakopoulos In times of crisis, gold is considered by many a “safe haven”. For months, the demand in Germany is located in the heights. Even many individuals are now turning to the market …gold. In the last few years we find that the world turns more and more to buy gold, reports the Oliver Χόισουχ, head of commerce noble metal in the biggest european company buying and selling gold Degussa adding: “The referendum in favour of Brexit and the american elections gave new impetus to the gold market, with October being the “month Trump”. In the past we believed that our customers are usually affluent who have passed fifty. However, our clients start from small investors, who buy silver coins and reach up to their wealthy customers”.
Investing in gold is considered a safe harbour in difficult times. Anyone who buys gold is well aware that it will retain its value in the future. The merchants of gold does not tire of repeating to their clients that the gold is the oldest medium of exchange, since there is in the market for 4,000 years. In that comes to add that the gold reserves are finite. It is estimated that internationally there are approximately 180.000 tons of gold.
In an upward trajectory the value of the gold
The demand for gold is soaring, and bank interest rates have fallen a long time ago to a zero level. According to a survey of the private German University of Στάινμπαϊς about 25% of the Germans invested in the last two years in gold. On average, individuals spent 4.200 euros in gold, bringing this year the amount of gold owned by German households is at a record high 8.672 tons. The conclusion of the polling of recent years is clear. Those who buy gold are convinced that investing in the long term to a constant value.
In the poll of the University of Στάινμπαϊς 93% of the representative sample considers the noble metal “secure port”. At the same time 90% of the respondents believe that the next few years the value of gold will increase. An expectation justified. The specific raw materials are waiting until the end of the year that the price per troy ounce (approximately 31 grams) will reach 1,250 by the end of 2017 1.450 euros!
Analysts of the German Commerzbank estimate that the price of gold will retake the ascending 2017. Consider that this is supported by the επεκτακτική monetary policy of major central banks, the overall uncertainty due to the crucial elections in Europe, and the various geopolitical conflicts around the world.
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