Reuters/Svea Herbst-Bayliss
“More hedge funds went out of business during the first three months of 2020 than at any other time since 2015 as the coronavirus led to heavy losses and investors pulled out billions in assets.”
USAGOLD note: Huh? Didn’t the stock market just wind up the best quarter in years? Looks like some folks didn’t get the memo.
Repost from 7-2-2020
321Gold/Stewart Thomson
USAGOLD note: The latest bullet points from Stewart Thomson at the link above …… We would add gold to that first bullet. It can benefit from asset inflation too as it did post-2008 (and some say it is now).
Repost from 7-1-2020
In June, gold-backed ETFs recorded their seventh consecutive month of positive flows, adding 104 tons – equivalent to US $5.6 billion or 2.7% of assets under management.
This brought 1st half global net inflows to 734 tons, significantly above the highest level of annual inflows, both in tonnage terms (646 tons in 2009) and US-dollar value (US $23 billion in 2016).
To put this strength of demand into context, 1st half inflows are also significantly higher than the multi-decade record level of central bank net purchases seen in 2018 and 2019 and could absorb about 45% of global gold production for the 1st half of 2020.
See our Gold Specials Page for some really good values.
