The smart money is buying not selling their gold and silver

Posted | 07/08/2013 / Views | 1205
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A recent survey of investors in the UK (importantly taken after the June price plunge) found that 43% had increased their holdings in gold and silver and only 14% had reduced theirs, with 1% selling out entirely.  4% had switched from gold to silver (a trend we are seeing here in our store also).  Interestingly too, a separate survey found the top 7 best performing funds in July all related to gold.  A price correction like we’ve seen this year can test one’s resolve but take comfort that others are clearly seeing it purely as a correction and many as a buying opportunity.  The fundamentals we post daily remain.