Gold instead of shares
In the face of the property crisis and increasing worries over the economy especially in the USA, investors are fleeing to gold as a secure refuge. Inflation has reported back too: in Germany prices have increased sharply across the board. So if share prices are also on a rollercoaster ride, gold seems to be a stable financial investment and refuge currency. Hubert Roos, founder of the new gold and silver portal www.silvior.de, says: “Investors who attach great value to tangible security in these times of turmoil should invest directly in physical gold and silver.” All other investments – such as funds or certificates – are ultimately dependent on promises of payment from third parties, according to the experts.
Recent Emnid survey: dwindling confidence in the banking system
The growing demand for gold is primarily to do with the increasing pessimism of German citizens. A recent Emnid survey confirms that Germans are concerned about the stability of banks and finance systems. Just 56 per cent still have very great or great confidence in the system, 43 per cent of people have a less great or even little belief in its reliability. The value stability of the Euro is also being thrown into question. 44 per cent of those questioned expressed a less great or even little confidence in the community currency.
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