87.2% of investors in precious metal are expecting the price of gold to climb even higher in the second half of the year. As illustrated in a new infographic from Kryptoszene.de, both small investors and market experts see great potential in gold.
Over the first six months of the year the price of gold recorded its second strongest half-yearly gain in the last decade, according to a survey by BullionVault.
34.7% are optimistic about prospects for gold due to monetary policies of governments and central banks. Similarly, 20.7% are critical of the level of government deficits and expect gold to perform well for this reason. In sum, it is clear that investors continue to believe in gold’s value as a crisis currency – both as a safe bet in the face of the Covid pandemic, but also against a backdrop of geopolitical uncertainties.
Gold Going for Gold
The demand on Google is also at a peak. The worldwide Google trend score for the search term pair „Buy Gold“, indicating relative search volume, currently stands at 94, and last week again at 100. This represents the highest possible demand.
Many German investors expect gold to outperform all other asset classes over the next 3 years, with 31% sharing this view. In second place are shares – one in four investors is convinced that this asset class will fare the best in near future.
Gold Popular Both with Small Investors and Experts
Meanwhile, a „Kitco-News“ survey showed that both retail investors and market experts expect further price rises in the short term. As shown in the infographic, experts are especially bullish. Here, 79% gave an optimistic forecast for further price increases for gold when asked at the end of July.