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Germans hoarding mountains of gold

Posted By -NO AUTHOR- On 12/13/2012 @ 12:25 am In Money,World | No Comments

(The Local) Like Scrooge McDuck or the dragon Smaug in J. R. R. Tolkien’s The Hobbit, Germans are gathering vast quantities of gold – a study showed that the average German owns close to €6,000 worth of the shiny metal.

Even though Europe’s largest economy has weathered the world economic crisis relatively well, Germans have still been extra jittery about their savings, a study by the Steinbeis Research Center for Financial Services in Berlin revealed.

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