goldnews.bullionvault.com / By Adrian Ash
DOLLAR Gold Prices put on 7.7% in September, and hit new all-time highs against the Euro and Swiss Franc, writes Adrian Ash, head of research atBullionVault.So who’s doing the buying, and driving prices higher? New data we released today here at BullionVault show that private households are continuing to join the bull market.
But the response by retail investors to both QE3 and the latest phase of the Eurozone crisis is more measured – some analysts might say complacent, even – than the recent price action alone might suggest.
BullionVault‘s new Gold Investor Index provides a unique window onto private-investor sentiment towards physical gold. The prompt came from our contacts and colleagues in the wholesale professional market – dealers and traders who are always happy to share their views and opinion, but who have been asking us what we’re seeing on our own peer-to-peer exchange, used by 42,000 private investors from 159 countries.
So the Gold Investor Index is a monthly data point, based on actual trading on BullionVault, the world’s largest provider of physical gold ownership to private investors. Almost 90% of its users live in the UK, US or Eurozone. Our Gold Investor Index shows whether more of those people are buying or selling gold, or choosing to sit tight.
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