More Americans own silver than gold In total, 11.6 percent of those surveyed said they owned silver. In the case of gold, it was 10.8 percent. According to the survey results, a combined 10.8% of Americans own gold, while a combined 11.6% own silver. According to the survey results, a combined 12% of Americans own gold, while 14.7% own silver.
Are you interested in collecting gold, but don't want to stand out among your friends? The precious metals magazine Gold IRA Guide recently released a survey that revealed that you may have more companies than you think. Using the independent survey service Google Surveys, 1500 men and women aged 18 to 65 or older were targeted. Respondents lived from coast to coast, so the magazine was able to get the widest range of responses possible. The results? 12% of Americans own gold, 14.7% own silver, and, as predicted, middle-aged participants were more likely to own precious metals in general.
Even so, when the magazine applied certain filters to their data, they noticed some surprising trends among different demographic groups. All of these data point to significant revelations for the collection of precious metals in the United States. Physical silver supply deficits have become the norm over the past 10 years around the world. There is a bit of a dichotomy when it comes to the question of possession of gold.
Owning the yellow metal has always been a way of showing one's wealth. Many cultures, such as India, use gold jewelry displays to establish social status. However, nations and individuals are also known to hide the exact amount of their gold reserves. In fact, no one knows how much gold Americans own.
The fungible nature of gold and its status as a safe haven asset cause some to conceal or deny their property. This reality exists both personally and nationally. For example, central banks use their gold reserves to guarantee foreign governments their economic stability and credit solvency. However, they are also known to underestimate or exaggerate their possessions for specific political or financial reasons.
Report the largest gold reserves of all nations. With almost an ounce for every American citizen, the country has more than 8,100 tons in its vaults. However, even this number is a bit of a mystery, as many believe that the world's most famous gold deposit, Fort Knox, may not contain as much gold as reported. Similarly, many analysts believe that China could own more gold than they are willing to report, and there are rumors about why they would follow that strategy.
Americans have been allowed to legally own gold coins and ingots since 1975, so that figure in dollars and current prices is certainly much higher. However, that organization states that it cannot accurately establish private gold holds in the United States or in most other countries. All of the discussion about where gold actually resides is important in evaluating the supply and demand side of the market price equation. That makes the question of how many Americans own the precious metal worthwhile.
. However, the trend is strong towards investment gold purchases. In fact, surveys show that many Americans believe that gold is a long-term, high-yield investment. That explains why so many Americans are adding gold to their portfolios.
We don't sell your information. Physical deposits or withdrawals of silver are made in stock baskets, each of which represents 500,000 ounces of physical silver ingots. In addition, the fact that more Americans own silver instead of gold is intriguing, said Amine Rahal, executive director of the Gold IRA Guide. Just take a look at the demand for the physical purchase of ingots and coins in silver ingots since the fall of Lehman Brothers, which has almost brought with it the entire financial system.