Financial Times/Eric Platt, Madson Darbyshire and Kate Duguid/10-20-2022
“Retail investors are piling into cash after a brutal sell-off in financial markets this year triggered trillions of dollars in losses, stamping out enthusiasm for riskier assets. … That rush into cash follows a long and volatile sell-off in US equity markets this year, which has wiped nearly $15tn off the valuations of publicly traded companies.”
USAGOLD note: Cash is king until it isn’t. Runaway inflation is likely to be the force that dethrones it. The selloff that has brought down the gold price this year is in the paper markets. Reports of heavy demand for mint and refinery production tell us that physical investors are buying as the price drops.
