German Retailers Report Run On Gold And Silver

(December 16th 2020 - Eingetragen von)

German precious metals dealers report a rapid increase in demand for gold and silver following the announcement of a harsh nationwide lockdown.

Gold and silver in high demand. In the Corona crisis, many people are looking for security in terms of investment (Photo: Goldreporter).

Gold and silver / Lockdown

Gold and silver in the form of coins and bars are experiencing an enormous surge in demand at German precious metals dealers. On Wednesday, a nationwide lockdown goes into effect in this country to curb the high COVID-19 infection numbers. The Robert Koch Institute reported 27,728 new infections within 24 hours this morning. Last Sunday, the prime ministers had agreed on the closure measures in coordination with the Federal Chancellery. The German precious metal trade is also affected by this. And the reports a rapid increase in demand for gold coins, gold bars and silver coins.

Precious metal retailers

Henry Schwarz, managing director of Anlagegold24 explains to Goldreporter: „On Sunday when the renewed big lockdown was announced, our daily turnover doubled within minutes. This shows me what a great value precious metals have in the lockdown situation.“ Dominik Kettner, from Kettner Edelmetalle, reports: „The demand for us has tripled to quadrupled. And Andreas Heubach of Heubach Edelmetalle in Schwaig near Nuremberg also confirms: „The demand is huge – on the doorstep and also online“. With the recently already tightened security requirements for retailers, fewer customers per sales floor have recently been getting into the stores.