World Gold Council Studies Interest in Gold Versus Crypto: 18,000 Weigh In on Speculation and Risk
The World Gold Council recently issued a survey that addresses how and why people in various countries, including India, China, Canada, Germany, Russia, and the United States, purchase gold in the wider context of retail investment and luxury goods in general.
According to the survey, over 60 percent of 18,000 individuals agreed with the statements that gold is a safeguard against inflation and currency speculations, gold will never lose its value over the long term, owning gold makes them feel secure for the long term, gold is just like any other commodity like oil or steel, and they trust gold more than the currencies of countries.
In another part of the survey, the question addressed the types of financial instruments that respondents have invested in and that they would invest in again in the future; 60 % of respondents chose gold, while 40% chose crypto. Others chose investment funds an stocks and shares.
In addition, the survey also took a look at Generation Z, which includes individuals ages 18 to 22. 22% of this group reported that they saw cryptocurrency as a short-term investment vehicle, and a quarter or so believed it to be a high-risk investment, according to CryptoBrief.
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