Posted by Aston Avery

Listen: is the future golden?

The Royal Mint – the home of gold in the UK – has seen record sales of physical and digital gold in 2021.

A new report by the Royal Mint has revealed 8 in 10 (80%) of 16- to 25-year-olds now dedicate a portion of their income to investing in their future.

The young adult population prove to be a financially conscious one as over half (55%) 16-25 year olds choose to invest up to 20% of their monthly income, with 19% having invested in precious metals. Crypto comes out as the top investment (38%) the younger generation is making; however, they are looking to diversify their portfolio due to crypto’s volatility(15%) and not proving to be sustainable in the long term as recognised by almost 1 in 5.

Building financial confidence has become prominent amongst the younger generation with almost a third stating the pandemic brought to light the value of having secure finances. This has led to a third (34%) taking it upon themselves to learn about investing as a way of helping grow their money, according to The Royal Mint’s 2022 Gen Z Investment Report.

Aston spoke to Karina Hicks, head of precious metal marketing at The Royal Mint.

Photo by Art Rachen on Unsplash

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