The smart money is buying not selling their gold and silver
A recent survey of investors in the UK (importantly taken after the June price plunge) found that 43% had increased their holdings in gold and silver and only 14% had reduced theirs, with 1% selling out entirely. 4% had switched from gold to silver (a trend we are seeing here in our store also). Interestingly too, a separate survey found the top 7 best performing funds in July all related to gold. A price correction like we’ve seen this year can test one’s resolve but take comfort that others are clearly seeing it purely as a correction and many as a buying opportunity. The fundamentals we post daily remain.