Gold Gets A Rare Compliment From The Financial Times

Investors around the world are hurrying back to bullion…

from GATA

By Henry Sanderson
Financial Times, London
Thursday, January 30, 2020

Investors around the world are hurrying back to bullion.

Holdings in gold-backed exchange traded funds have risen to their highest levels in seven years, following $19.2 billon in inflows last year. Analysts say interest has picked up for a variety of reasons, including fears over slowdowns in big economies, rising geopolitical risks, and an apparent loss of faith in traditional “haven” assets such as Japan’s yen.

But chief among them is a giant mound of negative-yielding debt, now tipping the scales at more than $13 trillion. If buyers of bonds are being asked to pay for the privilege of holding them to maturity, then the appeal of gold — which yields nothing but also costs nothing to hold on to — is burnished.”You’re seeing flows into the metal. It’s a global trend,” said John Hathaway, co-manager of the Sprott Gold Equities fund. “The typical havens of safety are not that safe anymore and gold is getting a bid for that reason.”

The revival for the yellow metal comes after a fairly bleak few years, in which a steady global economic recovery pushed gold prices down as low as $1,000 a troy ounce in December 2015. …

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Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA’s recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

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GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at

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— or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at

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