Germany has become the world's biggest buyer of gold amid fears of economic meltdown across the eurozone.
Figures from the World Gold Council reveal that the country invested a record L6 billion in gold bullion and coins as well as in exchange-traded products.
Analysts say improved availability, low prices, and growing demand due to loose monetary policy, economic uncertainty, and volatile geopolitical factors are the three key reasons behind the German investors' gold rush.
Their fondness for gold is a relatively recent development and before 2008 investment in physical gold barely registered with average annual demand at 17 metrics tons. ...
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