US Mint reports that bullion demand is up 617% for the year and US gold bullion sales are up over 400% from the five year average between 2015-2019. (This is from K!tco)
I guess some consider bullion a great store of value??"Phillip Streible, Chief Market Strategist at Blue Line Futures, said there is a false equivalence between gold future prices and sentiment in the marketplace.
"Bullion sales better reflects the anxiety investors are feeling right now. When you hear economists talk about a recession, it starts to make sense why bullion sales are so strong," he said. "Gold will always be a long-term store of value."
Daniel Pavilonis, Senior Commodities Broker with RJO Futures, also said bullion sales better capture the current sentiment in the marketplace."
Silver to bounce hard after mainstream sell off, page-145
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2.3¢ |
Change
-0.001(4.17%) |
Mkt cap ! $39.85M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 550000 | 2.3¢ |
Sellers (Offers)
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| IVR (ASX) Chart |