Women invest record amounts in gold and silver amid price surge
- Now, women account for 26% of Royal Mint customers, a significant increase from 8% in 2018.
- Gold prices have reached record highs, currently at £2,120 ($2,752) per ounce, driving interest in investments.
- There is a growing trend among women to invest in precious metals, indicating progress but also highlighting ongoing challenges in investment participation.
In the United Kingdom, female investors are increasingly purchasing gold and silver, with figures from the Royal Mint indicating that women constituted 26% of their customers, a significant rise from just 8% in 2018. The surge in gold prices, which have soared to £2,120 ($2,752) per ounce, has coincided with a broader increase in investment interest among women. A survey revealed that 27% of women plan to move cash into investments over the next year, with 16% considering gold purchases. This interest appears to be driven by a combination of rising prices and a shift in investment attitudes among women. Nicola Howell, the Royal Mint's chief commercial officer, emphasized the importance of investment knowledge and risk awareness in encouraging female participation in financial markets. Despite this progress, Howell noted that there remains a significant gap before gender parity in investment is achieved. Additionally, Britons are opting for gold bullion coins rather than bars to avoid potential increases in capital gains tax, set to be discussed in the upcoming Budget. Experts anticipate a continued rise in gold prices, fueled by market dynamics and investor behavior. More than 3,000 individuals were surveyed for this research, highlighting both the growing interest among women and the changing landscape of precious metal investments. Overall, these trends signify an evolving approach to investment among British women, with a focus on precious metals as a secure asset class and a potential hedge against economic uncertainty.