Gold ETF Outflows Accelerate as Gold Hits New All-Time Highs \ stacker news ~charts_and

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I wonder whether you or anyone can see any correlation between your chart and the chart with physical gold purchases

https://m.stacker.news/20434

Btw., central banks are buying and since gold has served as a sort of insurance against bad times, and the times are not particularly great now, maybe we should get more… bitcoins.

69 sats \ 6 replies \ @Undisciplined 12 Mar

That's fascinating. There's no other divergence between ETF holdings and price. I wonder what that means.

25 sats \ 5 replies \ @kr OP 12 Mar

@lynaldencontact’s take on twitter was that foreign buying was responsible for the divergence

56 sats \ 4 replies \ @Undisciplined 12 Mar

The question remains, why have we never seen this before? Maybe because gold ETF's are only 20 years old, but maybe there's a more interesting answer.

25 sats \ 3 replies \ @kr OP 12 Mar

my guess would be that this is the first time in the last 20 years foreign powers are recognizing the inflation issues with holding the US dollar.

rather than buy the ETF, they may be buying real gold.

62 sats \ 2 replies \ @Undisciplined 12 Mar

I wonder if the regime will "close the gold window" again. Will they convert claims to physical gold into gold ETFs to keep the gold in Fed member banks?

Interesting times

25 sats \ 1 reply \ @Enemy_of_the_state 12 Mar

I’m sure the gold plated tungsten will stay where it is.

0 sats \ 0 replies \ @Undisciplined 12 Mar

Well, yeah, you have to keep up appearances somehow.

0 sats \ 0 replies \ @030e0dca83 12 Mar

People have waited 20 years for this moment

0 sats \ 4 replies \ @SimpleStacker 12 Mar

I wonder if this means that gold ETFs are a good short-term, tactical buy

25 sats \ 3 replies \ @kr OP 12 Mar

the gold ETFs still track the price of gold, it’s not like buyers of gold ETFs are getting a discount

0 sats \ 2 replies \ @Undisciplined 12 Mar

Another way to look at this is that ETF holders might be taking profits and moving into other assets.

25 sats \ 1 reply \ @oliverweiss 12 Mar

But the outlaw started in 2020. I assume the investors are moving from holding paper gold (ETF) to holding physical gold. This would also explain why price is still going up.

0 sats \ 0 replies \ @Undisciplined 12 Mar

the outlaw started in 2020

This rings a bell, but can you remind me what the rule change was.

0 sats \ 0 replies \ @quark 12 Mar freebie

I wonder how much of that outflow has gone and converted to Bitcoin ETF inflow, I guess most of it. since Bitcoin ETF is breaking records.