CHUNYIP WONG
Collectibles are the most searched-for type of investment in America’s 50 most populated cities, and gold (XAUUSD:CUR) fever appears alive in the West, according to a study by investment platform CyberMetals.
The platform in a broader survey about the investment landscape found California lead the top 10 states in online searches for physical investments, with a rate of 9,240 searches per 100,000 residents. That was followed by Washington and New Jersey.
Collectibles topped searches in 13 of 50 cities, including three cities in California – Los Angeles, Oakland and Fresno – and two in Colorado – Colorado Springs and Aurora.
401(k) or other employee-sponsored retirement plans followed collectibles, leading searches in eight cities, including Detroit and Minneapolis, said CyberMetals, a platform from online metals retailer JMBullion and A-Mark (AMRK) precious metal trading company.
Bonds were the most searched-for investment types in New York City while gold bullion was tops in Los Angeles. L.A. was among the cities that showed a significantly higher interest in “gold bullion” than the national average. Three other California cities, two in Arizona, and San Antonio, Texas, were also among that group.
Here’s a link to the full cities list and other findings from CyberMetals, which surveyed 1,004 investors, including 60% from the U.S. and 40% from the U.K.
Investors interested in exploring gold ETFs can check out these funds, among others: (GLD), (UGL) (BAR), (IAU).
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