World Gold Council Market update: Germany’s golden decade Donnerstag, 05. Oktober 2017 - 09:30
Market update: Germany's golden decade
Ten years ago, Germany's gold investment market was small. Then the global financial crisis struck. On the 5th October 2008, German authorities were forced to guarantee savings to prevent a run on the banks. Investors turned to gold. Today, Germany is one of the world's largest gold investment markets.
Germany's gold investment market has boomed in the past 10 years.
In the face of successive financial crises and loose monetary policy, German investors turned to gold to protect their wealth. In response, new product providers entered the market making it easier for people to invest. Last year, more than €6bn was ploughed into gold investment products in Germany and, encouragingly, there is room for further growth: consumer research indicates there is latent retail demand which the industry can tap into.
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