NEW YORK, Sept. 1, 2020 /PRNewswire/ — A brand new survey of 1,500 Individuals between the ages of 18 and 65+ reveals the opinions of gold and silver possession with some compelling outcomes. Gold IRA Guide, a longtime publication offering traders and retirees all pertinent details about investing in treasured metals, launched the survey.
Survey Query & Findings
The survey requested 1,500 Individuals the next query:
Do you personal any gold or silver (bullion cash/bars)?
- I do not personal both.
- I personal each gold and silver.
- I personal some silver. No gold although.
- I personal some gold. No silver although.
In accordance with the findings of the survey, when requested in the event that they owned any gold or silver, 84%, of respondents indicated that they did not personal both. Curiously, when demographic filters have been utilized to the outcomes concentrating on gender the proportion elevated to 88.1% of females. With ladies 45 and 54 years previous, it then rose to 89%.
The current quandary of unprecedented uncertainty caused by the worldwide COVID-19 pandemic, maybe has made American traders much more risk-averse than presumed, even when contemplating an asset like gold, which usually has been seen as a hedge in opposition to financial turmoil. This appears notably true with older traders both approaching or of their retirement years.
The subsequent hottest response amongst members was 6.5%, who mentioned they owned each gold and silver. When demographic filters have been utilized to the survey outcomes particularly specializing in Millenial respondents, 7.5% of members between 25 and 34 years previous indicated that they owned each the dear metals. When particularly Millenial males from this cohort have been focused, the proportion surged additional to 10.9%. Given the current financial uncertainties surrounding the worldwide pandemic, Millennial traders particularly seem like turning to historic hedges like gold and silver, extra so than older traders.
Of the respondents to the survey, 5.1% acknowledged that they owned silver, however not gold. Curiously, when demographic filters have been utilized specializing in males, the proportion elevated to 7.4%. Moreover, when demographic filters have been utilized specializing in males between 18 and 24 Years Previous, 10.7% of this age bracket chosen this response. Conversely, solely 2.2% of females from this demographic mentioned they owned silver, however no gold, making it the least common survey response for this demographic.
That mentioned, 4.3% of all members within the survey indicated that they owned gold, however no silver. Millennial females between 25 and 34 years previous have been most inclined to personal solely gold – at 5.8%. This was the cohort with the best share that indicated this response.
“The outcomes of this survey are very fascinating, particularly relating to who chooses to personal solely gold and silver, particularly. Additionally, the truth that extra Individuals personal silver over gold is intriguing,” mentioned Amine Rahal, CEO of Gold IRA Information.
In accordance with the survey outcomes, a mixed 10.8% of Individuals personal gold, whereas a mixed 11.6% personal silver.
See the whole breakdown at:
SOURCE Gold IRA Information