More Americans own silver than gold In total, 11.6 percent of those surveyed said they owned silver. In the case of gold, it was 10.8 percent. According to the survey results, a combined 10.8% of Americans own gold, while a combined 11.6% own silver. As this writer points out, gold jewelry is likely to make up a large part of Westerners' gold reserves.
Almost all of this gold will be in the form of solid gold jewelry and coins in carats, with some gold-filled jewelry and electronic scrap. Oshri Reuven, owner of Global Gold %26 Silver, a company that buys and sells precious metals with three branches in New York City, said that the company's gold sales have surpassed pre-pandemic levels since its stores reopened after the COVID-19 shutdown in June. It shows that there is only enough gold in the world so that every adult in the world can store 1 ounce of gold on average. In addition, the fact that more Americans own silver instead of gold is intriguing, said Amine Rahal, executive director of the Gold IRA Guide.
Gold IRA Guide, a consolidated publication that provides investors and retirees with all the relevant information about investing in precious metals, launched the survey. The Gold IRA Guide survey does not explain the reason for the gender divide or the slight preference of the United States for silver over gold, although, as with age demography, it may have to do with each group surveyed's access to disposable income. According to a survey by the World Gold Council, “the number of respondents who will increase their own gold stocks has risen to 21%, compared to 20% last year.