Gold
$1,803.00
+4.00
Silver
$19.44
+0.41
Platinum
$847.00
+11.00
Palladium
$1,999.00
+9.00
800-444-8317
800-444-8317
Explore Monex

Which demographic is driving the greatest percentage of gold purchases in the United States?

January 6, 2016
Video Transcript

If you look at the demographics of who is buying gold and silver coins in the United States, the vast majority of them are professional, college educated, maybe post-graduate degrees as well, upper income, 40-65 years of age, men and women. These are very sophisticated investors who are buying in as part of a portfolio. The people who would be called, "Gold bugs, or survivalists, or the other extremes" are 10% of the gold coin market in the United States. So gold is a legitimate market and those numbers have actually been pretty much the same since the early 1980's, when I first started seeing them. There has always been a mainstream interest in gold. However, the 10% extreme is much more vocal.

These metals actually have always been mainstream metals, but the mainstream has often masked. Let's admit it, a lot of people like gold and silver exactly because of its secrecy. I've been at meetings where people have said, "With all the problems with all these large trades, the gold market should be more transparent, people should admit and make public how much gold they're buying, selling, and holding." I say, "Ok, let's start with you." They go, "I'm not going to tell you." Oh, so there's some threshold in your mind, above which people should disclose what they're doing and below what they don't have to. So you basically want to discriminate against wealthy people or institutional investors.

READ MORE +

Never Miss Investing News from Monex

Sign up to receive our emails.
  • This field is for validation purposes and should be left unchanged.

See What Investors are Saying About Monex

Thank You!
Want your kit sooner?
Faster delivery is available by phone.
800-444-8317
Get Your Free A New Decade for

Precious Metals Investing Report

  • All form fields are required

  • Privacy Policy
  • This field is for validation purposes and should be left unchanged.
Download Your Report