The Phaserl


Gold’s Best Year Since 1974 Sparks Record Inflows Into ETFs

from Zero Hedge:

Gold is up 19% year-to-date, by far the best performing asset-class, making this the best start to a year since 1974. “Negative rates in Japan and Europe coupled with weak global growth have prompted a surge in interest,” notes one trader as Gold-backed exchange-traded funds saw a record inflow of $7.2bn in February, surpassing the previous high set in 2009, according to BlackRock.

BlackRock’s ETF (IAU) – which saw creation halted due to th einability to meet excess demand for physical has not had one outflow this year…


And GLD inflows are soaring…


This year $9.2bn has gone into gold-backed exchange-traded products, BlackRock said.

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