Bloomberg: Traders Spurn Gold Despite Greek Crisis
6/7/2015
NEW YORK, 6 July 2015 – Private investor demand for gold is bucking the trend amongst money managers, Bloomberg reports, citing data from BullionVault.
"While money managers ignored the precious metal's allure as a haven," the financial data and news provider says, "London-based BullionVault said customers added 1.4 [metric] tons of gold to their account during the first half of this year, the biggest increase since 2012."
Widely-followed finance blog ZeroHedge also cites BullionVault's first-half growth, saying it "operates the largest online physical gold trading platform" and calling the news "a sign of a broader increase" in private-investor demand.
See Bloomberg's report here:
Gold Gets Ignored in Greek Meltdown with Fewest Bulls Since 2006
