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Anonymous ID: 82970f Jan. 26, 2020, 7:37 a.m. No.7919578   🗄️.is đź”—kun

While the populations of China and India are known for liking physical gold, Germany flies under the radar. An astounding +26 million Germans have investments in gold bars and coins. In fact far more Germans have savings in physical gold than in the stock market - a statistic hard to imagine in the United States or Canada.

 

According to a recent survey by the Research Center for Financial Services on behalf of Reisebank, Germans currently own 8,918 tonnes of gold worth 330 billion euros (USD$367.5 billion), just over half (55% or 4,925 tonnes) in bars and coins.

 

Gold fans may also be surprised to know that Germany’s central bank is loaded up with more bullion than any other’s, except for the United States, 3,366.8 tonnes versus 8,133.5t held by the US Treasury, most of which is in Fort Knox, Kentucky.

 

A four-year plan to repatriate 674 tonnes of German gold held at the Banque de France and the Federal Reserve of New York was completed in 2017.

 

Yet these facts and figures indicating strong gold buy-in are incongruous with a new German law that severely limits the anonymity of citizens’ gold purchases. In this article we are asking, “Why are Germans lining up for gold?”

 

https://www.zerohedge.com/commodities/why-germany-going-war-gold