Demand for gold – Worldwide demand hits new heights

Demand is another important factor to consider.  The world’s central banks are all increasing their gold reserves, and the demand, in general, is increasing around the world.  It is believed that the value of gold will remain high, and continue to grow for many more years.

The World Gold Council released figures showing that demand for gold and silver has increased year on year.  This increased demand is from investors and for industrial uses.

For individuals, in many instances, it is about preserving and protecting wealth while diversifying their portfolios.

In industry, gold and silver are being used more and more in electric cars, solar panels, and smartphones.

This demand growth is particularly prevalent in China and India, as well as across Europe in Germany, France, Switzerland, and Turkey.

Conclusion

The commonly believed myth in the UK that you need to be wealthy to buy gold needs to be dispelled.  In countries all around the world individual investors, no matter their socio-economic demographic, are investing in gold.

This, coupled with the increased demand from central banks and industry, means that the value of gold will remain strong, and will continue to be a good investment.

Our advice is always to have between 5% and 10% of your portfolio be gold bullion, whether you’re a multi-millionaire or the average investor.  Gold continues to be the ultimate safeguard against turbulent economies.

Disclaimer: This is not financial advice.