Gold Bullion Buying In Germany Surges Due To Growing Risk

The WGC says that German demand for gold coins and bars “spiked” by 20% in the first quarter of 2015 compared to the same period last year.CNN reported that it is unusual that there should be such strong demand out of Germany given the strength of the economy.Although this ignores the strong cultural affinity that Germans have with gold and the fact that they are consistently, along with the Austrians and Swiss, the largest buyers of gold in Europe. What has changed is that more German people are buying gold and they are buying larger amounts due to the various risks challenging Europe and indeed the world.

Source: Gold Bullion Buying In Germany Surges Due To Growing Risk

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