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2. Who is buying gold and silver ?
What demographics are buying gold and silver?
The demographics on who is buying gold haven’t changed much since the 1980’s. The average age is 40 to 65 years old and male and female.
One day I asked a customer who had made a few large orders from AGS already why he was purchasing some many gold coins if he was retired already and didn’t seem to need the money. His answer was very simple and straight forward, “I’m hedging against inflation.” Silly me it was an obvious reason and he being a retired engineer I’m sure he had already done the math on a number he needed to hit to cover his portfolio already.