79% of investors Russia likely to invest gold!
WGC releases retail gold insights: Russia investment World Gold Council unveils Retail gold insights: Russia Investment. The report says, the gold investment market in Russia has ample headroom for growth. Investors feel strongly positive towards gold. They recognise its attributes and want a part of it. And as such, gold should be able to engage with this receptive audience. On the one hand, the popularity of savings accounts is over-riding: regarded as safe and wealth protecting, they are by far the most popular investment choice. But alongside this we see the rise of crypto-currencies considered by some to be a high risk investment. The punishing rate of VAT has doubtless held back the tide in gold investment, and the expected abolition of VAT is likely to revitalise the market. And any shift towards gold could be further enhanced by challenges in the domestic and global economy. Consumers are deeply concerned about how to protect their wealth in the face o...