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Russian investors more often choose cryptocurrencies rather than gold

In Russia gold took sixth place in the popularity rating among retail investors. Thus, it lost not only to deposits and real estate, but also to cryptocurrencies.

Russian investors more often choose cryptocurrencies rather than gold

According to RBC, the World Gold Council (WGC) came to such conclusions. It turned out that it was all about fear of fakes, as well as VAT levied on bullion.

Less than a fifth of retail investors in Russia are owners of gold: only 16% of domestic retail investors invested in it.

Even despite the fact that Russians are increasingly noting the reliability of precious metal, it loses in popularity, including cryptocurrency.


Photo: Kirill Kuhmar / TASS

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