Physical gold investment was up by 5% year-on-year in the first quarter.
Investors bought 302 tons of gold bars and gold coins in Q1 with a value of $18.4 billion. This was 14% above the 5-year average, according to the World Gold Council.
Not too long ago, my wife came home with two big flats of Powerade.
We didn’t need Powerade. We had plenty.
And yet I praised her for her shopping prowess. Why? Because she got the stuff dirt cheap and we’re going to need more Powerade down the road.
Smart shoppers look for bargains. And right now, gold is a bargain. If you’re a smart shopper, you’re going to want to take advantage of this.