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Gold bug? You’re not alone as gold demand sets new record

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Michael J. Kosares
USA Gold
Published : August 11th, 2016
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Category : Gold and Silver

CNBC/Catherine Boyle/8-11-2016

“Demand by investors set a record of 1,064 tons during the first six months of 2016. For comparison, this was 16 percent higher than in the first half of 2009, when the financial crisis raged. At the moment, geopolitical uncertainties include: unrest in the Middle East; the fallout from the U.K.’s vote to leave the European Union; the U.S. presidential elections and the Italian banking crisis.”

MK note:  Do I detect a change of heart among the mainstream media with respect to gold? Over the past several days there has been a run of press reports favorable to gold including a major piece in the usually gold adverse Financial Times titled The victory for gold bulls is only just beginning.

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Source : www.usagold.com
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Michael J. Kosares is the founder of USAGOLD-Centennial Precious Metals, Inc., the author of "The ABCs of Gold Investing: How to Protect and Build Your Wealth with Gold", and numerous magazine and internet articles and essays. He is also writes a popular weekly Client Letter on the gold market. Mr. Kosares is frequently interviewed in the financial press and is well-known for his on-going commentary on the gold market and its economic, political and financial underpinnings. He has over 30 years experience in the gold business. USAGOLD-Centennial Precious Metals is one of the oldest and most prestigious gold firms serving private investors in the United States, Europe, Canada and Australia.
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