Europe’s renewed interest in gold

Singapore Bullion Market Association/Ronald Stoferle/January, 2020

“Europe might be called the ‘old continent’ and be struggling in various fields such as economic growth, innovation, and demography. Nevertheless, or rather because of this, interest in gold, a crisis proven asset, has increased in recent years, not only among private and institutional investors, but also among central banks. Far from being a ‘barbarous relic’, gold is making a strong comeback on the old continent, which seems to be only in its early stages.”

USAGOLD note:  I found Stoferle’s concluding remarks, as posted above, intriguing and in a way comforting.  For those of us with our roots in Europe, it may be a reminder of our own heritage. I can remember as a child my grandfather and father referring to Europe, not as the ‘old continent’, but as the ‘old country’ – to distinguish it, one would think, from the ‘new world.’