A new survey reveals that 10.8% of the US population owns gold, while 11.6% owns silver. According to the survey results, a combined 12% of Americans own gold, making it one of the best places for Gold IRA investments. Meanwhile, 14.7% own silver. The main objective was to learn more about the ownership of gold and silver in the United States, and to identify the best place for Gold IRA investments. Among those questioned who said they owned one or both of the precious metals, more said that they owned silver.
In total, 11.6 percent of those surveyed said they owned silver. In the case of gold, it was 10.8 percent. As for why silver is slightly more popular among Americans, the price is one of the main reasons. Silver is generally more affordable than gold in its physical form.
How much gold does the average American consume?. From the family? It's a deceptively simple question that has a very complicated answer. For one thing, there are no reliable statistics on private gold ownership in the U.S. UU.
And certainly people aren't going to volunteer this very personal information either. However, I believe that this issue will become increasingly important as our global monetary system is inevitably reordered in the coming decades. Before trying to answer this question about U.S. private ownership of gold, let's talk for a moment about official U.S.
ownership. The U.S. Department of the Treasury currently holds more than 8,133 metric tons, or 261,498,926 troy ounces, of fine gold in secure facilities across the country. More than 50% of this stash, approximately 4,583 metric tons, is stored in the world-famous United States ingot depot in Fort Knox (Kentucky), where it is guarded by an active U.S.
vessel,. In any case, these aren't really the numbers we're looking for. Instead, we want the average private ownership of gold by the U.S. Or, more specifically, we want the average level of gold ownership per U.S.
Domestic gold is undoubtedly preserved in the form of solid carat gold jewelry. Most solid carat gold jewelry ranges from 9-carat gold (37.5% fine) to 18-carat gold (75% fine). However, most people own far less solid carat gold jewelry than they think. Home, which I loosely define as gold-plated and gold-plated jewelry.
Gold-filled jewelry has a thick layer of carat gold that is mechanically fused with a copper alloy base. In contrast, gold-plated jewelry is made by electroplating a very thin layer of gold directly onto the base metal. Gold-filled jewelry can often be economically recycled because of its gold content, provided that it is judiciously mixed with solid karat gold jewelry before being sent to the refinery. However, the fine gold content of gold-plated jewelry by weight ranges from 2.1% to 7.5%, substantially lower even than that of the lowest solid carat gold alloys.
Because it's so diluted, it takes a lot of gold-filled jewelry to accumulate a significant amount of pure gold. Of course, the only problem is that electronic devices don't contain much gold. Since the price of gold has risen steadily over the past 15 years, hardware manufacturers have done their best to reduce the amount of gold used in electronics. This makes recovering gold from computer scrap very difficult.
Despite this, there is a booming market for electronic scrap on platforms such as eBay. The household has, in total, only a few hundredths of a gram of gold stored in electronic equipment and computers. There are some conclusions that we can draw from our estimate of the US average. First of all, it's safe to assume that these private gold holds don't represent a significant addition to most people's net worth.
Second, we can deduce that the silver stocks of most American households are also proportionately low; applying a traditional multiplier of 15 times to gold holds probably gives a reasonable estimate of household silver stocks. The family value of all other tangible assets, such as gemstones, antiques and works of art, is also quite small. A huge dislocation is taking place in the paper asset markets, where most Americans currently have most of their net worth (not real estate). Solid assets, such as precious metals, gemstones, works of art and antiques, can serve as a buffer during this future period of financial chaos.
But it doesn't work if you don't have any. Read more articles on thought-provoking ancient sage materials here. Read the detailed investment guides on Antique Sage here. All comments on this site are only an expression of opinion and in no way constitute a recommendation to buy, sell or trade stocks, bonds, commodities, collectibles, antiques, works of art or any other financial instrument.
Among the younger age groups surveyed, there was more likely to be a preference for gold possession, especially among Millennials. If you're not sure whether you own gold or silver, there are a few ways you can start in a way that makes sense to you. In addition, the fact that more Americans own silver instead of gold is intriguing, said Amine Rahal, executive director of the Gold IRA Guide. .