FYI: It’s been a lousy year for gold. Prices are down more than 8% so far in 2018, after falling below $1,200/oz for the first time in a year earlier this month.
With U.S. stocks back near record highs, the dollar climbing and interest rates globally biased upward, there’s been little reason for investors to park their money in the safe-haven metal. At the same time, demand for physical gold has been tepid at best, according to the latest figures from the World Gold Council.
Regards,
Ted
https://www.etf.com/sections/features-and-news/gold-etf-demand-falling
Comments
Not surprising. Strong dollar has had the greatest impact, but also some lessening of demand due to bitcoin. feh.
I will stay with my decades old call that everyone needs to have some precious metals in their wealth portfolio: 3-7 % as a safety net for WTF.
As for secure storage, please realize that a tube of American Gold Eagles is worth about 25K and is 2" tall and the size of a quarter. It will fit easily inside the oatmeal container [just make sure it's Red Mill and not full of Roundup).
And so it goes,
peace,
rono