Economic Paranoia -Gold
Signs of the times,investors are so scared about an economic collapse that they are buying gold and having it delivered to them. Investors don’t believe in anything or anyone…they want the gold in their house or their safe deposit box. This is extremely unusual and expensive step of holding possession of Gold. One can understand the fear if they seek to purchase gold coins in Zurich or Geneva and they can not receive any coins for weeks at a time.
Even in the US markets, on the Comex, the metals division of the NYME, the fear is present by investors wanting to take physical delivery of gold, rather than cash, once/if their futures contacts expire.
Is this a sign of a top…or a flight to quality.
You decide… or maybe you follow the trend.