Gold News

Fear, Delusion & the Gold Investor Index

This new article for the LBMA puts private investors front & center for gold analysts...

The FIGURE of the private investor – the dreaded goldbug – looms large in how the Western world sees the gold market, writes Adrian Ash at BullionVault.

Yet to date, however, anecdote has had to suffice for analysts wanting to judge this participant's role in the ebb and flow of prices. Because while private individuals are perhaps overrepresented in the popular view of gold investing (not to say misrepresented), they are little examined in the data.

BullionVault's Gold Investor Index sets out to start filling that gap. Based solely on data from its own peer-to-peer gold exchange online, the Index measures whether more people are buying, selling, or sitting on their hands each month.

But how does it work, and what does it show? To help explain the Gold Investor Index to our professional colleagues in the wholesale market, myself and economist Ben Traynor recently wrote a detailed article for the London Bullion Market Association's quarterly magazine, The Alchemist.

It's available to non-members for free online. You can download and read the 3-page article Fear, Delusion & the Gold Investor Index here.

Adrian Ash is director of research at BullionVault, the physical gold and silver market for private investors online. Formerly head of editorial at London's top publisher of private-investment advice, he was City correspondent for The Daily Reckoning from 2003 to 2008, and is now a regular contributor to many leading analysis sites including Forbes and a regular guest on BBC national and international radio and television news. Adrian's views on the gold market have been sought by the Financial Times and Economist magazine in London; CNBC, Bloomberg and in New York; Germany's Der Stern; Italy's Il Sole 24 Ore, and many other respected finance publications.

See the full archive of Adrian Ash articles on GoldNews.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn




Market Fundamentals