Something strange in the GOLD market
Last decade’s gold bull market, which lasted 10 years and saw the price of gold rise almost seven-fold, was dominated by buyers from the East — primarily from China and India.............................................Are we beginning to see the return of the western interest in the gold markets? We believe that we are. Tracking the accumulation of gold and silver through their respective physical ETFs is a good way to gauge the movement. The 17 physical gold ETFs we follow have shown consistent accumulations throughout 2019. By our calculation, they have accumulated 40 tonnes of metal in Q1, 59 tonnes in Q2, and 214 tonnes in Q3. The accumulations continue into Q4. In the first three weeks of October, another 35 tonnes was accumulated. For all of 2019, physical gold ETFs have accumulated 350 tonnes of metal and total holdings now stands at 2,560 tonnes— almost equal to their 2012 peak.
Almost no one has GOLD in the western countries , is a barbaric relic. If the people with money in the world (Europe & US) get interested in Gold we will have a real Bull market. Forgot 30 German bonds with negative yield.
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