Americans Start New Gold Rush: CNBC SurveySubmitted by Ed Thinking on Wed, 03/27/2013 - 15:52
The CNBC All-America Economic Survey finds that Americans once again chose gold as the top investment choice, beating out real estate, stocks, savings accounts and bonds.
The poll of 800 Americans finds that 35 percent picked gold as their best investment choice, down from 37 percent a year ago, but still beating real estate, which was the top pick of 27 percent of the public. That was followed by 21 percent who chose stocks.
A look at who make up the nation's gold bugs shows a distinctive demographic profile, one dominated by concern about the nation's economic outlook.
Forty-five percent of Tea Party supporters chose gold, compared with 35 percent of the overall public. And half of those Americans who believe their home values will decline in the coming year think gold is the best investment bet.