Stockhead/Reuben Adams/6-24-2022
“While trade flows fluctuated wildly – China went from major importer to dead quiet during the lockdowns, for example – the enduring popularity of gold as an investment in the US is a trend worth highlighting, it says. ‘On a year-to-date basis, [US imports] surged by 170% to 103t,’ Metals Focus says. ‘… the total is the second highest on record. This partly reflects the strength of minted bar and coin demand in the US, which has remained exceptionally healthy over most of the past two years.’”
USAGOLD note: As we have mentioned previously, though the price is rangebound, demand is running at record levels – particularly for gold and silver coins, and a large portion of that demand in our experience has been with high net worth investors.
