In the summer of 2018, gold purchases were more popular than ever since Donald Trump’s election as US President.
In return, ETF gold funds continue to shrink and speculation against gold has brought the pessimistic stance to new record levels.However, private investors are reversing this trend by using falling prices to buy gold and securing their investments at lower cost. The gold price fell for the 5th consecutive month – now the lowest monthly average since January 2017 has reached $ 1,201 per ounce and the Gold Investor Index slips from 56.8 to 56.0 in August, just after the 21-month high in July from.
The Gold Investor Index peaked at 71.1 as gold prices reached their all-time highs in September 2011 and dropped to 50.5 in the winter of 2014/15. Opting to buy gold at these lower prices could prove wise if the heightened political, economic and emerging market risks this year are finally controlling the over-indebted bull market. The 10th anniversary of the collapse of Lehman Brothers will also remind investors that gold has been able to make solid, long-term gold losses in the past.
Meanwhile, the silver investor index rose in the third month from 53.7 to 53.9 in August, while the price fell 4.5% to $ 15.01 an ounce at the lowest monthly silver price since January 2016. By and large, the number of silver-traded investors rose to over 10% for the first time in 5 months in August. Gold’s trading volume increased 31.7% year-over-year, with BullionVault customers trading an average of 43 kilograms a day, which equates to € 1.4m ($ 1.7m, £ 1.3m, ¥ 187m).