Demand for Stocks and Gold Is 355% Higher Than in The 2008
Demand for stocks and gold has topped the numbers of the 2008 financial crisis by as much as 335%, as can be seen on a new infographic by Kryptoszene.de. Since the beginning of 2020, the Google trend score for the search terms “buy shares” and “buy gold”, which indicates the relative search volume, increased five-fold. Other tangible assets, such as Bitcoin, are currently also in higher demand than they have been for over two years.
Gold has never been more popular on Google. In the eye of the corona crisis, it has reached the highest possible Google trend score of 100. At the peak of the financial crisis in 2008, the value for “buy gold” was only 26. Since the beginning of the year, the price of the precious metal has increased by 10.4%. However, the actual price of physical gold increased by up to 20%, as the infographic shows.
The demand for stocks is also increasing significantly. Since December 2019, the relative search volume has increased by up to 614%.
Although Bitcoin demand is not at an all-time high, the Google trend score for “buy Bitcoin” has reached its highest value in the last two years. The trading volumes of crypto-exchanges are also increasing rapidly: On “bitcoin.de”, 28.2 million euros were converted into Bitcoin in a single week in March. That is 662% more than in the last week of December 2019, when the coronavirus hardly played a role.
“Although the corona crisis has led to price drops in many places,” said Kryptoszene analyst Raphael Lulay, “real assets are now more popular than ever. This is currently manifesting itself in supply shortages, particularly that of precious metals. Fears of inflation caused by new financial policies of governments and central banks appear to reinforce this tendency.
The full story with the infographic, facts and more statistics: