Wild Boom in Gold Buying
Written by Gary North on December 8, 2011
In November, gold ETFs (exchange traded funds) were popular. Investors bought $3.6 billion worth of these funds. This was up four-foldĀ in one month. This was double the $1.7 billion invested in “plain Jane” corporate bonds. Why? Investors are either betting on inflation, which seems unlikely to happen near term, or else they fear a major […]
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