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Strong demand surge at the gold ETFs start of year

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Published : March 11th, 2017
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World Gold Council/3-10-2016

“At the end of February, total holdings in gold-backed ETFs and similar products stood at 2,246.1t (72.2 moz), up 90.6t from January. These holdings were valued at US$90.7bn, 8% higher than a month earlier.”

MK note:  We’ve been reporting on the surge in ETF purchases for several weeks now.  Following up on the previous post on a hedge fund manager’s commitment to gold, this chart is indicative of professional interest in gold.  As you can see, that interest is strong and on both sides of the Atlantic.  German interest in ETF gold, obviously a reflection of concern with the French election and future of the euro,  is particularly strong – up 16% in February.  Private investors at the moment are content to sit on the sidelines while the professionals scoop up what they see as cheap gold.  Don’t allow yourself to be mesmerized by the stock market and neglect gold. . . . . . .I will leave you with this cartoon from our old friend, Ed Stein.  It kind of says it all. . . . . .

Source : www.usagold.com
Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
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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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