The areas in Britain where investors are stockpiling gold

Residents in Camden are buying more gold than anywhere else in Britain, analysis shows. The precious metal, which has surged in price in recent years, has become an “increasingly popular investment choice” for people in all corners of the country. Households are purchasing gold bars and coins to store at home as an asset of last resort in a time of economic turmoil. Research by dealers BullionByPost has found that the London Borough of Camden is the unlikely capital of storing gold. The average gold investor in Camden bought 369g, which is the equivalent of £22,343 based on current values. The firm ranked the top 50 areas for household gold reserves by calculating the average number of grams sold per customer cumulatively over the last 10 years. Six other London boroughs feature in the top 20 but the investment is by no means limited to the capital, with Dorset (£17,004) fourth on the list and the Highlands of Scotland positioned fifth (£16,658). Other unlikely areas with high gold values include the Shetland Islands, Bromley and Walsall. Pete Walden, of BullionByPost, said: “Gold bars and coins are no longer the preserve of the wealthy but are instead an increasingly popular investment...

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