gold, page-26542

Yes, Federal assets, administered by the administration, for the benefit of the people (etc).

The Brexit referendum in the U.K. and the U.S. election, coupled with the chaos of the Trump administration and their continued inability to get the spin right, let alone believable, created an "unprecedented degree of political upheaval," which supported inflows into gold investments, as reported by the World Gold Council.

The value of the world reserve currency or USD is largely based on trust, and the trust factor is evaporating.

"Retail investors – having been subdued for most of the year - responded quickly to the price fall in Q4, a fact reflected by a surge in demand in the physical market," he said in a press release.
"With an equally uncertain political and economic environment likely in 2017, we expect investment demand to remain buoyant."

In addition, demand from China rose 25 percent last year. This was the result of the yuan weakening against the dollar, leading high-net worth individuals to hedge against the currency fall.
The softer gold prices in the last quarter also boosted demand in advance of the Chinese Lunar New Year, which took place on January 28.

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