The Magazine for Asian Investors
Gold has a long tradition in Germany, anchored in the minds of the population at least since the hyperinflation of the Weimar Republic. Even today, 100 years later, Germans still rely on gold as a safe haven. This was demonstrated once again by the record sales figures in 2021.
In 2021, the demand for gold coins and bars increased by 31%, and more than 161 tons of gold are said to have flown over the counter. This made 2021 the second record year in a row.
But Germans also want to hold their gold physically in their hands, as traded paper gold is increasingly being discarded and shunned.
Gold is also in strong demand at the beginning of 2022. In the first three months, demand has already risen again by 25%, according to Georg Steiner, Chairman of the Precious Metals Industry Working Group of the Precious Metals Association.
Uncertain times show once again that gold continues to be valued and bought as a safe haven. More than any other investment, gold is regarded as a safe value preservation investment and will remain in demand despite its 5000-year history.