Swiss hoard gold worth almost CHF15 billion

An estimated 200 tonnes of gold, worth almost CHF15 billion ($17.3 billion), is privately owned in Switzerland. The owners store a fifth of this at home. +Get the most important news from Switzerland in your inbox This is the conclusion of the "Precious Metals Study 2024" conducted by the University of St Gallen (HSG) on behalf of the precious metals dealer Philoro. Based on a survey of 3,000 participants, the HSG estimates that around 22% of the population owns an average of around 101 grams of gold per capita, worth CHF7,521. However, gold in the form of jewellery was not taken into account. + Fully traceable gold – technically feasible or pure fantasy? Less popular The popularity of the precious metal has been declining for years, despite the rise in the price of gold. According to Sven Reinecke, head of the HSG study, only 28% of those surveyed currently prefer precious metals as an investment. Real estate (47.6%) and the classic savings account (34.2%) were much more popular.