MarketWatch/Barbara Kollmeyer/4-22-2022
“Investors also pulled $8.7 billion out of bonds and $55.4 billion from cash, pouring $900 million into gold.”
USAGOLD note: Kollmeyer offers evidence of something we mentioned here last week. Weakness in the bond market is actually a positive for gold, not a negative as often portrayed in mainstream financial media. Many see gold as the last haven left standing. Obviously, the move out of cash is in response to the inflationary pressures building in the global economy. We’re guessing that the $900 million Kollmeyer mentions moving into gold is through additions to ETF stockpiles. It does not include metal purchased in the form of coins and bullion from firms like USAGOLD. (Those numbers, by the way, are weekly.)
