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Robert S
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The vast gold hoards held by Germany’s population - Ronan Manly - Bullion Star

Dividing all gold above ground (roughly 200,000 tons) by the size of the world population (7.5 billion), yields a figure of roughly 26 grams of gold per capita of world population. Germany, with a population of roughly 80 million (a little bit more than 1% of the world population), according to the article, has a five fold accumulation of gold (130 grams of gold per capita). Is that really spectacular ? Not really, the amount in question is really small (less than $6,000). That money will not even buy a car, perhaps a third of a car. Perhaps the explanation for saving in gold can be found in the fact that homeownership in Germany is very low in comparison to other western industrial nations. So the $5,500 gold position is a very tiny compensation for the fact that most Germans are tenants, that is, they do not own any real tangible property except for the tiny position in gold.

Commented 1832 days ago

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Beginning of the headline :While the Chinese and Indian populations are well known for their insatiable appetite for importing, buying and hoarding physical gold, there is one market in the West that does likewise but which flies under the radar slightly, garnering less attention than China and India. That gold market is Germany. Although German citizens are known for their fondness for holding gold, the vast size of the German population’s gold holdings was clarified recently in a newly published survey commissioned by R... Read More

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