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World’s Largest Gold ETF Sees Holdings Rise 1.8 percent to 924.94 Tonnes In One Day

◆ Gold prices have inched 0.3% higher today as a sharp drop of nearly 2% yesterday has attracted bargain hunters

◆ Gold tested support at $1,500/oz after another peculiar sell off in the futures market saw prices fall $30 in two hours on the COMEX yesterday with most of the selling coming after European and London markets had closed

◆ The sell off came despite robust demand for gold globally as seen in the world’s largest gold ETF seeing yesterday, in just one day, its holdings rise 1.81% to 924.94 tonnes

◆ The smart money continues to diversify into gold due to the concerns about the outlook for risk assets

◆ Prudent money is moving to the safety of fully segregated gold coin and bar ownership outside of large debtor nations and the vulnerable global banking system (see Jim Rogers interview below)

Spot Gold Price USD

Spot Gold Price USD

- Click to enlarge

Jim Rogers: Buy Gold Coins and Silver Coins as Global Crisis Is Coming – Watch here
Full story here
Mark O'Byrne
I founded GoldCore more than 10 years ago and it has been my passion and a huge part of my life ever since. I strongly believe that due to the significant macroeconomic and geopolitical risks of today, saving and investing a portion of one’s wealth in gold bullion is both wise and prudent.
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