Demand for gold bars and coins in the US jumped in 2020, mirroring the rush for gold ETFs that took holdings in those products to record highs.
Having languished at a relatively weak 20t in 2019, retail investment more than trebled to 66t in 2020.1 And while that remains some way below the levels seen during the Global Financial Crisis, bar and coin demand measured in value terms rocketed to almost US$3.8bn – the highest since 2011.
US retail investment hit the gas in 2020
Annual US demand for gold bars and coins, volume and value