Germany Continues To Lead The West In Physical Gold Demand

Precious Metals by SRSrocco

According to the World Gold Council’s Q2 2015 Demand Trend Report, German gold bar and coin demand was 24.1 metric tons (mt) for the second quarter.   Thus, German physical gold investment during Q2 was 40% of the total in the West at 59.6 mt:

As we can see from the chart, Germany was in first place at 24.1 mt, U.S. ranked second with 12.5 mt, Switzerland came in third at 11 mt, followed by other European countries (total of 7.7 mt), Austria (2.5 mt), U.K. (1.9 mt) and Canada (0.5 mt).  You will notice that France came in last by actually selling a net 0.6 mt of physical gold into the market in Q2 2015.