srsroccoreport.com / Dave Kranzler /
While gold demand in the West continues to languish, something has recently motivated renewed interest in the yellow precious metal in Germany and the United Kingdom. Now, when I say “renewed interest”, I am referring to a surge in gold investment by Germans and British that we haven’t seen for quite some time.
This big increase in gold investment in Germany and the U.K. over the past year and a half is not from the diehard physical bar and coin investors, rather it is from a source that is even more interesting… it’s coming from investors in the retail Gold ETF Market. You see, this is a much different segment of the population who move into the Gold ETF Market versus the 1% that buy physical bar and coins. When there is a surge of Gold ETF buying, it means the institutional or regular mainstream investor is worried about the overall market.
And why shouldn’t Europeans be worried as the ECB – European Central Bank’s President, Mario Draghi, stated in June that they would continue its bond buying program (QE – Quantitative Easing) until 2019, even though they believe that the “regions growth” looks broadly balanced. This is like a doctor telling his patient, “we are going to continue with broad-based Chemo-Therapy”, even though your cancer has gone into remission.
The post BREAKING AWAY FROM THE WEST: Gold Investment In Germany & The U.K. Surged appeared first on Silver For The People.