Gold on track for an inflow of $80 Billion this year, the largest in history. $Gold - main 2508(GCmain)$ $E-Micro Gold - main 2508(MGCmain)$
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So far in this year, $SPDR Gold Shares(GLD)$ etf has outperformed the $S&P 500(.SPX)$ a large amount or %. On pace for its best year since 1979.
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US Gold ETF assets under management have surpassed $190 billion for the first time in history.
The value of gold ETF assets has skyrocketed by ~$100 billion over the last 2 years.
Furthermore, assets in the most popular gold fund, $GLD, have recently crossed above $100 billion for the first time in history.
In fact, gold has now had its best run since the 1970s as economic and geopolitical uncertainty continue to drive demand.
Gold is making history.
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Gold has flipped the euro. It’s now the #2 reserve asset worldwide.
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Comments
Fuel prices explode. The economy crashes. This isn’t just another war. This is global economic murder.
Looks like the oil industry is expecting the Strait to be blockaded in the coming days.