Daily Archives: 12/13/2019

Goldman: Wealthy Investors Are Moving to Safety of Gold Coins and Bars In Vaults Globally

Wealthy and high net investors internationally are moving to the safety of physical gold bullion in secure vaults according to Goldman Sachs.This is according to important data and a chart in the recent very important Goldman note to clients which was not picked up on in the select media who covered it initially.

Trade data implies that gold in storage has increased far more rapidly than is reflected by financial market instruments, indicating a widespread preference for physical gold instead of gold-linked financial assets.

Color Me Skeptical: SchiffGold Friday Gold Wrap Dec. 13, 2019

We have a trade deal! Maybe. Meanwhile, the Fed wrapped up its last FOMC meeting of the year this week and did nothing. But Powell and Company did give us some indication about what we should expect next year. The week’s news played tug-o-war with gold.