Money

Investing

Gold

Opinion

The demand for gold and silver is surging to record levels, a familiar pattern when markets grow volatile. What feels new, however, is who is buying.

For years, precious metals were the preserve of older investors – a way to hedge portfolios built on shares, bonds, and property. Today, it is younger investors who are driving momentum pushing gold towards $US4000 ($6000).

Consider the numbers: according to surveys by the World Gold Council, US millennials invested more in gold than older generations in 2024. More than 60 per cent of US Millennials included gold in their portfolios, compared with 35 per cent of Gen X and 20 per cent of Boomers.

Another report indicated that Millennial and Gen Z investors now comprise 34 per cent of global gold exchange-tra

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