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PM sentiment awful for coin buyers

Posted by Richard640 @ 18:25 on May 1, 2018  

‘Price Trumps Trump’ as Gold Investing Hits Bear-Market Lows

Tuesday, 5/01/2018 09:02

GOLD INVESTING among Western households has fallen to the weakest levels since the metal hit its bear-market lows at the end of 2015, writes Adrian Ash at BullionVault.

Used by 71,500 people worldwide since launching in 2005, BullionVault now cares for $2.0 billion of gold, silver and platinum (£1.5bn, €1.7bn, ¥221bn) on behalf of its clients, all stored in specialist vaults in London, New York, Singapore, Toronto and Zurich.

But with gold prices averaging a 0.8% gain last month in US Dollar terms, the number of people starting or adding to their gold holdings fell 13.5% in April from March’s figure.

In total, the number of buyers fell to its lowest level since gold prices turned higher from 6-year lows in January 2016.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.