Europeans are buying gold in fantastic pace which is very surprising, because in strong economy gold is not the best thing to buy. It shows that people have fears for the future.
According to the report of World Gold Council the demand for total gold and coins has increased by 20 percent in
The reasons come from the unstable economic situation in Europe and European Central Bank’s current policy of purchasing $1.3 trillion of bonds or "money printing" program. Both reasons have psychological effect on the people’s mind, which lead them to insure their future by buying gold.