Germans own over 9000 tonnes of gold


Repost from 5-5-2021

photo of Swiss Helvetia 20 franc pile of gold coins

“German private households hold more than 6 percent of the world’s gold reserves, the equivalent of 616 billion euros at last count. The share of gold bars and gold coins in this gold ownership is estimated at 41.7 percent. Total: 5,194 tons. In the 2019 study, it was still 55 percent or 4,925 tons.”

USAGOLD note: The German peoples’ interest in gold is not a new story. The fact that they own over 9000 tonnes of the metal – and over 40% is in the form of coins and bullion – will catch a good many by surprise.

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