According to a recent study, 82.4 percent of Americans own neither gold nor silver. It looks similar in Germany, if one believes the results of the surveys.
Gold surveys questionable
Surveys of private investors on the subject of gold should always be conducted with caution. Unlike in the case of stocks, bonds or real estate, gold and silver owners may be less inclined to give truthful information about their possessions to strangers over the telephone. After all, the precious metal is often stored in one’s own home and is vulnerable or one simply does not want to reveal the anonymity of this property.
New US study
Nevertheless, we are reporting on a recent study from the USA. The operators of the information platform Gold IRA Guide have carried out a study among 1,500 people aged 18 and over. The following question was asked:
Do you own gold or silver (bars and coins)? There were four possible answers: I own…
…both gold and silver.
…silver, but no gold.
…gold, but no silver.
82.4 % own neither gold nor silver
The results show that 82.4 percent of the respondents allegedly have no precious metal at all. In the group of 18- to 24-year-olds, the figure rises to 87.6 percent. For women, the proportion across the entire sample was 88.4 percent. The ownership of gold and silver was recorded by 9.1 percent. Among the 45- to 54-year-olds, the share here was 12.4 percent. In the “middle-aged” group (35 to 44 years), the figure rose to 14.3 per cent. And further: 5.6 percent of the respondents said that they own silver but not gold. The combined result of the study is: 12 percent of Americans own gold and 14.7 percent own silver.
Similar results in Germany
The survey reflects similar results as in Germany. The latest Forsa survey commissioned last June by the German precious metals trader Pro Aurum showed that 11 percent of Germans admitted possession of gold in the form of bars and coins. However, the results differ only slightly year after year.