“Like Scrooge McDuck or the dragon Smaug in J. R. R. Tolkien’s The Hobbit, Germans are gathering vast quantities of gold – a study showed that the average German owns close to €6,000 worth of the shiny metal.  Even though Europe’s largest economy has weathered the world economic crisis relatively well, Germans have still been extra jittery about their savings, a study by the Steinbeis Research Center for Financial Services in Berlin revealed.  Around 32 percent of the gold owned in Germany in the form of bars and coins was accumulated since the financial and economic crises began, the study concluded.”

http://www.thelocal.de/national/20121212-46729.html

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