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December 14, 2023Who are the most famous gold bullion investors in the world? is today’s topic. Finding out how much gold is bought and stored by central banks is easy. It’s the kind of information that is public knowledge. Then there is gold owned by institutions that might be public knowledge and finally, there’s the gold owned by individual investors. Gold is a highly coveted asset investment that appreciates over time. So, who are the known individuals who own most of the gold?
Who Are The Most Famous Gold Bullion Investors In The World?
Famous Gold Bullion Investors
John Paulson
The notable hedge fund manager from the U.S is also happens to be amongst biggest private gold buyer. He’s has also been credited with predicting the housing crisis of 2007 which spiraled into the 2008 global financial crisis. He has been a loud advocate of investing in precious metals like gold. He is a great advocate of gold and an important voices that gold buyers Adelaide should listen to.
Ray Dalio
Ray Dalio is an American investor who also has a large private gold reserve. He founded Bridgewater Associates that manages over $150-billion worth of assets. It has hundreds of million of dollars invested in gold.
Indian Families
For some people gold is a cultural thing. Indian households probably have a large amount of gold, in globally. Most is gold jewellery which is used in weddings and other cultural celebration and like Diwali. Even with its caste system the lower castes do in fact own some of this gold.
Stanley Druckenmiller
The legendary Stanley Druckenmiller has held considerable sway in the markets. Like Paulson, he foresaw the housing crisis coming before it actually happened. He is also a major proponent of buying gold.
Eric Sprott
Eric Sprott is a Canadian investor who has invested heavily in the precious metals industry, with holding at Ethos Gold, Benchmark Metals and others.
The Saudi Arabian Royal Family
The House of S’aud, as the Saudi Arabian Royal Family is often referred has immense wealth. They have the most privately owned gold reserves in the world. They are big spenders too, which means a lot of their gold been exchanged for other things over the years. With a $1.5-trillion net worth, it makes sense that they would be amongst the biggest private owners of gold.
The amount of gold available is estimated at 208,875-metric tons. Even with that knowledge, it is virtually difficult to assess the exact amount of gold has yet to be mined because it lies very deep underground. According to experts, if we keep mining gold at just 3,000-metric tons a year, the global gold would not last past 18 years.
Are there advantages of buying gold privately?
Government gold is better secured than privately owned gold. It’s also more expensive, especially it’s collectible.
How does privately owned gold affect the price of gold in the market?
Of course, anyone who owns millions of dollars worth of gold will have some effect on the gold price. There is a finite amount of gold available globally and according to supply and demand dynamics; the price will go up when supplies dwindle. Another factor that may influence the gold price is if major gold producers encounter supply chain issues because of politics or war. Countries with weakening currencies can impact the export of gold. Besides private gold buyers Adelaide, other factors that can affect the gold price include inflation and central bank buying. hope you enjoy reading our article Who Are The Most Famous Gold Bullion Investors In The World?
