Negative interest rates spark 2016 gold rush - but can German buyers push prices even higher?

“In the last few years, we saw the West falling out of love with gold, but the East falling in. This year, with economic risks getting a notch higher, we’re seeing phenomenal flows of physical buying in Germany, the renaissance of physical buying in the UK. We see central banks in Europe revisiting views about selling gold.”

A 2010 report by the Research Centre for Financial Services at the Steinbeis University, Berlin found that 26.2 per cent of Germans have some physical investment in gold coins or bars. World Gold Council figures show that annual German demand is averaging 100 tonnes per year, versus a pre-crisis average of 15 tonnes.

Negative interest rates spark 2016 gold rush - but can German buyers push prices even higher?