Residents of Germany were frightened by the growing inflation and began to buy gold bars even more actively than before. In the first half of 2021, the demand for precious metals in Germany was the highest since 2009.

The World Gold Council has calculated that gold bars and coins in Germany are being bought 35 percent more often than in the previous six months. Meanwhile, worldwide demand for gold has grown by an average of 20 percent. Experts believe that investing in metal is promising now – this way you can insure funds against depreciation. Rafael Scherer, executive director of precious metals dealer Philoro Edelmetalle GmbH, said that in the first half of 2021 his company sold 25 percent more gold than in 2020 – then the demand for bars was also not small.