Germans and Turks get on the gold band wagon

Germans own over twice as much gold as the country's central bank, Bild-Zeitung  reported, citing a report by the Steinbeis University in Berlin. Germans own 7,500 metric tons of gold. The amount equals 5 percent of global holdings and is over twice the 3,500 tons held by the Bundesbank, the newspaper cites the report by the management school as saying.

Demand for 1-ounce Krugerrand gold coins increased by 54 percent in the past month, the South African Gold Coin Exchange said in an e-mail received today, without giving further figures.

(Reuters) Turkish gold imports rise to 9.07 tonnes in October. Turkey's gold imports rose to 9.07 tonnes in October, compared with 2.45 tonnes the previous month, the Istanbul Gold Exchange said on Tuesday. Turkey is the world's third-biggest gold consumer. (Bloomberg)

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