However, a flight to gold always has a lot to do with psychology. It is quite another matter to hold a bullion or a few gold coins in your hands, rather than to look at a securities deposit on a computer screen. In addition, the shimmering yellow metal is limited and promises alone therefore a lasting value.

In fact, the amount of this precious metal in the earth's crust is comparatively low - on a ton of rock comes only about four thousandths of a gram. That is why gold is considered particularly valuable and a good investment especially in times of economic crisis. Also as protection against inflation gold was once considered.

If one believes experts like Lars-Henning Müller, head of the funds division at Merck Finck Privatbankiers, the recent rise in the gold price is likely to continue soon. "The recent rally was just the beginning." The gold market is facing a "sustainable revaluation with rising prices". The reason for this is above all the interaction between real interest rates and the price of gold.