The vast gold hoards held by Germany’s population
By GCRU Gold News on Monday, April 29 2019, 08:39 - Permalink
Although German citizens are known for their fondness for holding gold, the vast size of the German population’s gold holdings was clarified recently in a newly published survey commissioned by Reisebank, a bank active in the German precious metals market.
The survey, conducted by the Research Center for Financial Services (CFIN) on behalf of Reisebank, found that German adults currently own a staggering 8918 tonnes of gold, worth about € 330 billion at current . Note, this figure is gold held by private citizens in Germany and does not include the gold reserves of the German central bank, the , which amount to an additional 3370 tonnes.