Backed by central bank purchases in 2022, the largest volume since 1967, gold prices have gained nearly 20% since their last low point in September.

European and German investors are not exempt from concern about the inflationary climate and geopolitical risks. This trend is expected to continue in 2023. In 2022, physical gold got the better of its digital competitors, with the cryptocurrency crash caused by the fall of Sam Bankman-Fried's FTX platform. The experts of the World Gold Council (WGC) style="font-family: "Bookman Old Style”, "serif"> pointed out in their annual report that purchases for the fourth quarter alone In the quarter of 2022, they reached 417 tons, bringing the total volume for the second half of the year to more than 800 tons.”