Gold Up 27% YTD; Who Is Really Buying Gold? - Nick Colas | Kitco News скачать в хорошем качестве

Gold Up 27% YTD; Who Is Really Buying Gold? - Nick Colas | Kitco News

Despite gold prices ending the U.S. day session moderately lower Wednesday, the metal is up 27% year to date. Think about that a minute, says Nick Colas, chief market strategist for New York- based Convergex, ‘as we celebrate the S&P 500 making a new high but only +4.5% for 2016 in price terms.’ So who is buying gold here, and why? ‘Consider that U.S. listed exchange-traded funds have been an important buyer of physical gold this year, adding $16 billion to their stockpiles from incremental money flows. Across all types of U.S. listed ETFs, gold funds now have 2.3% of all assets under management,’ says Colas. But he adds that the gold trade is far from crowded. Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: http://www.kitco.com/newsletter Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com - Or join the conversation on social media: @KitcoNewsNOW on Twitter:   / kitconews   -- Kitco News on Facebook:   / kitconews   -- Kitco News on Google+: http://google.com/+kitco -- Kitco News on StockTwits: http://stocktwits.com/kitconews