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FT Adviser: Gold Selling Hits 2008 Low

LONDON, 8 August 2018 – Gold demand has jumped while selling among private investors has sunk on the recent price drop reports the Financial Times' FT Adviser magazine today, citing the latest Gold Investor Index data from BullionVault.

"The gulf between the number of private investors in gold and sellers is the greatest in a decade," the magazine says.

The number of people choosing to sell gold on the metal's No.1 internet platform fell last month to the lowest since August 2008, just before the collapse of US investment bank Lehman Brothers.

"The last time so few people chose to sell gold was the eve of the worst global economic slump since the 1930s," FT Adviser quotes BullionVault director of research Adrian Ash.

"If there is any wisdom in crowds, savers and equity investors should take note."

You can read more about the latest Gold Investor Index, also reported by Money Observer, at FT Adviser:

Gold rush by investors sees buyers outnumber sellers

Source: 
FT Adviser

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