The sale of gold has received a significant boost in the past year, according to data from Gold Exchange Office. The trader saw gold sales increase by 133 percent in 2022 compared to the previous year.
Due to the war in Ukraine, the energy crisis and the impending recession, more and more individuals and investors are turning to gold as a safe haven. ‘Precious metal is actually always popular, because it has been shown over the centuries that it always keeps up with inflation. People are looking for financial security, which is why they invest in gold,’ says Johan de Ruiter, director of the Gold Exchange Office.
The sale of gold is also on the rise, De Ruiter notes. Gold yields ten percent more than a year ago. We see a lot of people who just look in the closet and find a bag of gold. That turns out to yield five hundred or a thousand euros in one go, people are very happy with that.’
VCR
De Ruiter experiences many special stories through his company. One in particular stuck with him. “A man came in with a VCR. He had cleared out his father’s house and came across a very heavy VCR. It turned out to contain ten kilos of gold. Grandpa had put it away neatly’, De Ruiter laughs.
