Loading ...‘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.
PM sentiment awful for coin buyers
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