Investors rush into gold

BNN Bloomberg/Ranjeetha Pakiam/9-2-2019

“Investors are going for gold in a big way. Inflows into bullion-backed exchange-traded funds topped 100 tons in August to hit the highest since February 2013 as the trade war worsened, risk assets took a knock, and central banks signaled looser monetary policy.”

USAGOLD note:  Professional money, as evidenced by the flow of capital into gold ETFs, is still on the march – 24% growth in stockpiles since May 2019.

Chart showing strong growth in ETF gold holdings
Chart courtesy of Gold Charts R Us

Repost from 9-2-2019

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