Gold backed ETF's hit high, via Bloomberg
Investors are putting more of their assets into gold-backed ETF's, according to Bloomberg, and the global tally is likely to hit a record high within the next 6 weeks.
The worldwide total ticked up each day last week to reach 2,4729 tons
In the current climate where geo-political risk is very hard to price and interest rates are falling across the board, Gold can shine. This should keep Gold bid in the near term above the $1500 USD handle.
