Corona crisis: rush for Gold traders - that's why the precious metal is so popular | money

The rush on bullion bars and coins in many merchants is huge. Especially of this precious metal is in demand in the corona of a crisis here. The rush for gold

Corona crisis: rush for Gold traders - that's why the precious metal is so popular | money

The rush on bullion bars and coins in many merchants is huge. Especially of this precious metal is in demand in the corona of a crisis here.

The rush for gold dealers in Corona is enormous. One is the role of psychology. In times of crisis, safe - haven demand for the Gold count for a Lot.

Large crowds at gold dealers in Corona-times

Gold* is in demand in times of crisis, often particularly. A pair of gold bars in the vault? Here is the psychology plays an important role: the mere sight gives some people a sense of security.

Many investors have invested in the Corona, with the crisis in your Savings into Gold , said according to a report in the German press-Agency (state: 24. April). The trading company Pro Aurum sold, therefore, according to their own information in March to 6.2 clays bars and coins , four times as much as in the same month last year. "In April of the same Tonnage is almost to the ounce exactly", - quotes Reuters a spokesman. And also The mirror had reported about the rush on the precious metal.

provider Degussa's gold trade had increased five-fold according to the company, at times, the Orders, according to the Reuters report. "Private investors' demand for physical Gold in Form of bars and coins has risen since the outbreak of the Coronavirus, once again, enormous," it said. In the previous months she had been at a very high level.

read: Drama in "Bares für Rares": Couple wants to sell a gold ring with a nasty Surprise.

corona crisis: Many people buy gold bars and gold coins

To be observed according to the Reports, also, that drives it into the corona of a crisis striking many customers to gold dealers and pawn shops . But not because they wanted to sell need of money, precious metals or items to borrow. On the contrary, The people would buy. For example, gold bars or gold coins*.

Who decides to be a purchase , should be informed in advance, however, whether the time is convenient. The disadvantage of Gold, experts say: The precious metal generates no current income. The profit depends solely on the development of the price. The gold price can be subject to strong fluctuations. The experts from Stiftung Warentest for caution, and investors could lose Gold similar to much like a Stock portfolio.

read: wife buys a Ring at the flea market: jewelry amazed how much is he worth

gold coins and gold bullion - what does Stiftung Warentest

traders Often require markups for the purchase. The smaller the gold bars and coin n are, the higher these are a study of the magazine "financial test" (03/2020): For a 1-kg price-ingots, buyers pay on average a premium of around one percent of the current market. For a 1-gram bars, there were often more than 20 percent. "Financial test" is recommended as a Minimum in the case of gold bullion, 50 grams and standard gold coins one Troy ounce - this is the equivalent of 31.1 grams of pure Gold. Commemorative and collector coins are not worth more, since the premiums for the material value is very high.

The prices of gold ingots or coins according to the Bank Association, depending on weight, fine gold content and minting, as dpa reported. More than ten percent above the current price of gold, you should not lie thus. Buyers should pay attention to the current price.

you can read here: Check your wallet, Those coins are up to nine million Euro value

Gold purchase: Compare is always worth it

Who, instead of the more famous traders prefer the "small" around the corner before the course, should RND.de reported in addition to a pay attention to: "The dealer should be certified, that is, to be a member of, for example, in the professional Association of the German coin trade. This guarantees that the purchased Gold coins or bullion are real."

Compare is always worth it. "The certification of the dealer is in the second option of a Gold purchase is probably still much more important. In the Internet," says RND.de in addition. Because that's where advance payment had to be made. The best price you can get a very easy comparison portals. "But it should buy the focus while Online-not only at the lowest price."

One should investors "in two Purchase options" at Hand, it means more to RND.de: "The identity card. Since the beginning of 2020, a precious metal dealer is obliged, because of the German money laundering act, the buyer of a Gold purchase value of 2,000 Euro to the ID."

Also interesting: pay With your card at the supermarket: beware of expensive the be

ahu

these are the five most lucrative investments in the world

Updated Date: 22 May 2020, 13:33

You need to login to comment.

Please register or login.

RELATED NEWS