Poles have fallen in love with gold

Gold market – a record year

The increase in interest in physical gold is illustrated by data from the World Gold Council's "Gold Demand Trends 3Q 2021" report. According to the report, interest in gold coins and bars increased by 18% year-on-year in the third quarter of 2021. Interestingly, gold jewelry also saw a rise in popularity (+33% year-on-year).

Our data also shows the Polish gold rush. At Mennica Skarbowa, we sold 2.7 tons in the first three quarters of last year alone, compared to 2.1 tons in the same period of 2020. Although we still have to wait for the summary of the entire calendar year, we can already say that 2021 was a record-breaking year.

Rising inflation, negative interest rates, and unprofitable bonds, even the so-called anti-inflationary ones, coupled with social unrest and turmoil in the financial markets, are factors shaping our current reality, which undoubtedly favor the purchase of gold in the form of bars and bullion or collector coins. The change in our habits and greater investment courage are also significant factors.

Buying gold – a change in mentality

For many people, the factor that has hampered investment ambitions, and thus the purchase of gold, for years has been the belief that this market requires knowledge and significant investment. However, this is not entirely true. If you look at the offer and possibilities, it is quite an egalitarian environment, colloquially speaking, "for every pocket."

Of course, as in any investment area, knowledge of the subject and experience are helpful, but it should be noted that in the case of physical gold, both the purchase and any subsequent sale are much easier for a novice investor than, for example, investments in gold-based ETFs.

It is crucial to choose a proven and experienced gold dealer, such as Mennica Skarbowa. Advisors will help you choose the right products and answer your investment questions, and customers can choose from a wide range of products, most of which are available immediately.

When it comes to expenditure, obviously the larger the sums, the more gold bars we can have in our possession, but in reality, the adventure can start with just a few hundred zlotys. Instead of a kilogram bar, you can choose smaller ones, 1-ounce or even 1-gram bars. This also has its advantage, as bars with a lower weight are easier to sell later on.

For this reason, bullion coins are particularly recommended, rather than collector coins. Bullion coins are issued strictly for investment purposes – they are recognized worldwide and can be sold without any problems. This is especially true since gold dealers, such as Mennica Skarbowa, purchase them. In the case of collector coins, more knowledge is required, as their price depends not only on their weight, but also on factors such as their theme or the number of specimens available on the market.