Now the big point: PMs:
The people just don’t bear the necessary financial education to understand what’s going on and what the outcome will be.
Some go to the bank and withdraw all their EUR cash and stash it under the matress (fail).
Some send it to Switzerland into a bank account (fail)
Some buy real estate, currently especially foreigners and nationals in Germany, (fail), especially in big cities (big fail).
A tiny minority buys PMs, this minority (people, not central banks) in Europe is almost entirely concentrated in the German speaking countries:
Switzerland (highest purchased per capita), Germany (2nd highest), Austria. In those countries, you also have a rather well developed net of professional PM bullion shops/coin dealers.
France, Italy, almost none. Spain, Portugal, Greece: None.
A German/Swiss Professor once said he calculates about 1 in 2000 in Germany has substantial holdings of physical PMs, which would be around 40.000 out of 82 Mio. Inhabitants in GER.
Keine Kommentare:
Kommentar veröffentlichen