The Percentage Of Adult Americans That Own Investment Gold Is…

This afternoon I was over at my parents’ place helping my dad change out the inkjet cartridges on his multifunction printer when a cheesy gold commercial appeared on the FOX News channel. The number of these advertisements sure have grown in the last few years. Some people have even gone so far as to claim gold must be in a bubble with all these types of commercials on TV these days.

Seeing that ad made me wonder- what percentage of adult Americans own investment gold (coins/bullion)?

One might think that with the solid performance of the yellow metal over the last decade or so, the growing attention given to it in the financial mainstream media (yet nowhere near as with paper assets), and, of course, all the TV commercials, Main Street just can’t get enough of it.

However, while no one knows for sure the exact percentage that owns investment gold (people generally don’t like to share this info), that number looks to be in the single digits when some reliable sources are consulted.

A few years ago I spotted an article on the NumisMaster.com website (a coin collector/investor site from Krause Publications). Patrick A. Heller wrote the following “Market Update” for June 16, 2009:

…it isn’t much of a surprise that a relatively low percentage of investors own gold. One report I read said that 48 percent of American adults own corporate stocks, either directly or through mutual funds or retirement accounts. The only guesses I can find for the percentage of adult Americans who own investment gold range from three percent to nine percent.

(Editor’s note: Italics added for emphasis)

Long-time gold watcher Michael J. Kosares, who’s headed USAGOLD-Centennial Precious Metals since 1973, believes that even three percent might be too high. He wrote in an October 2011 special report entitled “Alternative Misery Index drives gold demand” that:

The number of people who actually own investment gold in the United States is miniscule when compared to those who own stocks — no matter what the polls say. 34% of Americans say gold is the best long-term investment, but how many of that 34% actually own it in the form of coins and bullion? No one has that figure, but my guess would be less than 1% (of the total population) and I doubt I am all that far from the truth. Compare that with the number of people who own stocks — 10% of the population reportedly owns 85% of the stocks.

(Editor’s note: Italics added for emphasis)

Now, Eric King, who hosted the Financial Sense Newshour some time ago in impressive fashion, wrote on his King World News website back on October 25, 2010, about John Embry, Chief Investment Strategist for Sprott Asset Management. He attributed the following quote to Embry as it concerns a purported gold and silver bubble:

Jimmy Rogers, who is one of the world’s leading authorities on commodities, dealt with the bubble issue recently by recounting an interesting anecdote. While addressing a group of high-end money managers, he inquired as to how many of them held gold or silver in their accounts and, remarkably, 75 percent replied that they had never owned either precious metal.

As far as I’m concerned, that put to rest any idea that we are even remotely close to a bubble in gold or silver.

(Editor’s note: Italics added for emphasis)

So, the percentage of adult Americans that own investment gold? Still less than 10 percent is probably a safe guess.

Sources:

Heller, Patrick A. “Even Now Few Own Gold.” Numismaster.com. 16 June 2009. (http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=6794). 9 Feb. 2012.

Kosares, Michael J. “Alternative Misery Index drives gold demand.” USAGold.com. Oct. 2011. (http://www.usagold.com/amk/specialreportoct2011.html). 9 Feb. 2012.

King, Eric. “John Embry – Gold & Silver Commercial Signal Failure.” KingWorldNews.com. 25 Oct. 2010. (http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/25_John_Embry_-_Gold_%26_Silver_Commercial_Signal_Failure.html). 9 Feb. 2012.

Tags: , , , , , , , , , , , ,

35 Comments to The Percentage Of Adult Americans That Own Investment Gold Is…

  1. […] It is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment […]

  2. Not Prepared: 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse | The Daily Sheeple on June 24th, 2013
  3. […] It is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment […]

  4. Not Prepared: 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse | thesurvivalplaceblog on June 25th, 2013
  5. […] is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment […]

  6. Not Prepared: 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse on June 25th, 2013
  7. […] is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment […]

  8. Not Prepared: 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse | Preppers Universe on June 25th, 2013
  9. […] It is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment […]

  10. Not Prepared: 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse | THE LAWSON POST on June 25th, 2013
  11. […] is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment […]

  12. 17 Signs Economic Collapse Wipes Out Most Americans | Elliott Wave Market Service on June 25th, 2013
  13. […] It is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment […]

  14. 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse | The Cafe on June 26th, 2013
  15. […] It is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment […]

  16. 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse | Collapsing Into Consciousness on June 27th, 2013
  17. […] is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment […]

  18. 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse | End Time Bible Prophecy on June 29th, 2013
  19. […] It is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment […]

  20. WILL YOU SURVIVE THE COMING ECONOMIC COLLAPSE? MOST WON’T | PatriotsBillboard on July 2nd, 2013
  21. […] is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment […]

  22. Are You Prepared To Survive the Coming Economic Collapse???? | PatriotsBillboard on July 2nd, 2013
  23. […] is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment […]

  24. Are You Prepared For the Coming Economic Collapse????? | PatriotsBillboard on July 2nd, 2013
  25. […] It is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment […]

  26. Not Prepared: 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse | Prepper Podcast Radio Network on August 4th, 2013
  27. […] It is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a stunning […]

  28. 16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse on April 8th, 2014
  29. […] is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a […]

  30. 16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse | The Daily Sheeple on April 8th, 2014
  31. […] It is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes. That is a stunning […]

  32. 16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse | Patriot Powered News on April 9th, 2014
  33. […] It is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a stunning […]

  34. 16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse » ChrisInMaryville's Blog on April 9th, 2014
  35. […] is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a […]

  36. 16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse | on April 9th, 2014
  37. […] is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a […]

  38. Pastor Mikes Report | 16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse on April 9th, 2014
  39. […] is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a […]

  40. 16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse on April 9th, 2014
  41. […] It is estimated that less than 10 percent of the entire U.S. population owns any gold (NYSEARCA:GLD) or silver (NYSEARCA:SLV) for investment […]

  42. 16 Signs Americans Are NOT PREPARED For An Economic Collapse on April 9th, 2014
  43. […] It is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a stunning […]

  44. 16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse - End Time Research Group on April 9th, 2014
  45. […] is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a […]

  46. 16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse | Ready Nutrition on April 9th, 2014
  47. […] is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a […]

  48. 16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse | Bankster News on April 9th, 2014
  49. […] is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a […]

  50. 16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse | Olduvaiblog on April 9th, 2014
  51. […] is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a […]

  52. Michael Snyder ~ Most Americans Are Not Prepared For The Coming Economic Collapse | Shift Frequency on April 10th, 2014
  53. […] It is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a stunning […]

  54. A Pocketful of Mumbles | OccurrencesDomesticForeign on April 11th, 2014
  55. […] is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a […]

  56. 16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse | 2012: What's the 'real' truth? on April 11th, 2014
  57. […] It is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a stunning […]

  58. Guest Post: 16 Signs That Most Americans Are Not Prepared For The Coming Economic Collapse on April 12th, 2014
  59. […] It is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a stunning […]

  60. GLOBAL IMPLOSION AND WHY THE INTERNATIONAL MONETARY FUND JUST LIED TO THE ENTIRE WORLD | sreaves32 on April 14th, 2014
  61. […] It is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a stunning […]

  62. The nation of America is folding up under divine chastisement | on April 17th, 2014
  63. Cei mai multi dintre noi nu sintem pregatiti pentru situatia economica cataclismica care va veni. Putem face ceva sau vom fi victime sigure? | Lupul Dacic on April 17th, 2014
  64. […] #11 It is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment purposes. Source. […]

  65. Not Prepared: 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse | All Self-Sustained on May 8th, 2014
  66. […] is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.  That is a […]

  67. 16 Signs That Most Americans Are NOT PREPARED For The Coming Economic Collapse | The Organic Prepper on January 23rd, 2015
  68. […] but they represent only a small percentage of the U.S. population.  It has been estimated that less than 10 percent of all Americans own any gold or silver for investment purposes.  To me, that is an absolutely […]

  69. Unprepared: What Do You Think Would Happen If A Greek-Style Crisis Hit America? on June 29th, 2015

Leave a comment



Survival And Prosperity
Christopher E. Hill, Editor
Est. 2010, Chicagoland, USA

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street" (Memorial Day 2007-2010)

Please Rate this Blog HERE

Limited Time Offers

Via Banner Ads Below (navigate to vendor home page if necessary); Updated 8/26/15:
ANY CHARACTER HERE
>BUDK Warehouse Blowout Sale Up To 70% Off
ANY CHARACTER HERE
>CHIEF Supply Entire Order Ships Free With Any 5.11 Purchase Thru 8/31
ANY CHARACTER HERE
>Pyramyd Air Get 20% Cash Back On All Purchases 8/15/15-8/31/15 If It Rains 9/12/15; Used Air Guns Up To 35% Off Retail
ANY CHARACTER HERE
>Airsoft Megastore Free Shipping On All Orders (no code required)
ANY CHARACTER HERE
>BulletSafe Bulletproof Baseball Cap $119 Pre-Order Price; Bulletproof Backpack Panel $99
ANY CHARACTER HERE
>Food Insurance Bonus Bucks Are Back!; Save Up To 43% On Freeze-Dried Seasoned Ground Turkey Pieces
ANY CHARACTER HERE
>Nitro-Pak All Camping Food Pouches 15% Off; Pork Chops Pieces $68; Clearance Sale Up To 70% Off
ANY CHARACTER HERE
>Tractor Supply Co. Free UPS Ship To Store
NEW! Advertising Disclosure HERE
ANY CHARACTER HERE
Buy Gold And Silver Coins BGASC Review Coming Soon
ANY CHARACTER HERE
Free UPS ship to store on all Tractor Supply Company orders! Shop now! Tractor Supply Co. Review Coming Soon
ANY CHARACTER HERE
Nitro-Pak--The Emergency Preparedness Leader Nitro-Pak Reviewed HERE
ANY CHARACTER HERE
MyPatriotSupply.com Reviewed HERE
ANY CHARACTER HERE
Food Insurance Reviewed HERE
BullionVault BullionVault.com Reviewed HERE
ANY CHARACTER HERE
CHIEF Supply Reviewed HERE
ANY CHARACTER HERE
BulletSafe Reviewed HERE
ANY CHARACTER HERE
BUDK bowie knife BUDK Reviewed HERE
ANY CHARACTER HERE
Pyramyd Air is your one-stop shop for everything airgun related. PyramydAir.com Reviewed HERE
ANY CHARACTER HERE
Airsoft Megastore Reviewed HERE
ANY CHARACTER HERE
Survival Titles Save 20% Paladin Press Reviewed HERE
 

Categories

Archives

Prepper Website
  • Observation, Theory About Greek Bank Safe Deposit Box Restrictions

    Continuing “Greek Week” on Offshore Safe Deposit Boxes, Greek state television has announced Greek banks will remain closed for the remainder of this week. Both Reuters and the Associated Press have reported cash withdrawals from Greek bank safe deposit boxes have been prohibited. Reuters ran its story Sunday while the Associated Press revealed Monday: No […] ...
  • Safe Deposit Boxes In Private Vaults See ‘Huge Increase In Demand’ By Wealthy Greeks

    While pouring over the latest news of Greece’s sovereign debt crisis tonight, I spotted the following snippet on the Daily Mail (UK) website. Nick Fagge reported Wednesday: Safety-box deposit firms have reported a huge increase in demand with wealthy Greeks storing their cash and other valuables anywhere other than their bank… (Editor’s note: Bold added […] ...
  • Confusion Over Accessing Cash In Greek Bank Safe Deposit Boxes

    Yesterday, I blogged about a Reuters piece from Sunday which said cash withdrawals from Greek bank safe deposit boxes were now prohibited. Monday, the Associated Press reported that accessing currency from these containers might be left to the legislative process. From the Fox News website: There was confusion Sunday night over the fate of bank […] ...
  • Cash Withdrawals From Greek Bank Safe Deposit Boxes Forbidden

    Something tells me confidence in bank safe deposit boxes is going to plummet as word of the following gets out. Reuters’ Lefteris Papadimas and George Georgiopoulos reported Sunday: Greeks cannot withdraw cash left in safe deposit boxes at Greek banks as long as capital restrictions remain in place, a deputy finance minister told Greek television […] ...
  • Happy Independence Day!

    Just wanted to wish readers of Offshore Safe Deposit Boxes a happy Independence Day. Christopher E. Hill Editor ...