In the last few years, the financial markets have been characterised by crises that have led to increased volatility (see Fig. 12). In view of this market turbulence, for numerous investors preservation of capital has become an important objective. To many investors, physical gold is the epitome of insurance against geopolitical and economic risks, as well as those emanating from the financial system. The historically high gold price impressively reflects this. However, many people are also reassured by real estate – in particular a private home of their own – which is regarded as “concrete gold”. However, by no means.
