Monday, December 25, 2017

While the masses continue to invest in cryptos, hedge funds and sovereign governments stockpiling gold at these rock bottom prices

The cryptocurrency mania of 2017 has been historic to see, and is showing little signs of slowing down.  Yet while people continue to drive money into these virtual assets, especially with many of them at all-time highs, behind the scenes hedge funds and sovereign central banks are stockpiling gold thanks to rock bottom prices.

Hedge funds and governments around the world are stockpiling gold. According to the Stock News Times, “Stifel Financial Corp. boosted its holdings in Sprott Physical Gold Trust (PHYS) by 63.1% in the third quarter, according to its most recent filing with the SEC.” In his piece, writer Jesse Mackey explained that Leaders Capital LLC, TIAA FSB, Filament LLC, Csenge Advisory Group, and Susquehanna International Group LLP have been buying PHYS as well. 
In addition to buying up Sprott Physical Gold Trust, it was reported just a few weeks ago that “Chevy Chase Trust Holdings Inc. grew its position in SPDR Gold Shares (GLD) by 42.1% during the third quarter”. Other hedge funds and large investors have increased their Gold Shares buying as well. In a Stock News Times article dated December 17th, writer Stan Pace pointed out that Bronfman E.L. Rothschild L.P., Adventist Health System Sunbelt Healthcare Corp., Sequoia Financial Advisors LLC, ICONIQ Capital LLC, and Northwestern Mutual Wealth Management Co. have all boosted their holdings in shares of SPDR Gold Shares in 2017. – Seeking Alpha
When you add in the amount of gold still being accumulated by both Russia and China this year, it should come as no surprise that expectations for a repricing of the metal may be coming sooner than investors think.

1 comments:

The Millenary, last updated in 2018, will be refreshed with three new models at rolex replica uk next month in Geneva, including two all gold versions set with diamonds and one gold case version with a strap. Chronograph comes in three dial rolex replica sale to meet whatever style preferences you might have when considering a dive focused chronograph. We are applying the final tests at the moment. here are some replica watches uk of the very first samples done. It is applied between polished sections on the stepped bezel and lugs, as well as to areas of the case side. The replica watches offset sub dials that record hours, minutes, and seconds are set with opal, a new dial material for this collection. Audemars Piguet also adds a fashion replica watches uk element to the strap version.

Post a Comment