The Perth Mint announced last week that its gold product sales in September were the highest in 10 months, while those of silver jumped to a seven-month high. This is potentially from the large escalations in the Middle East mentioned above, which are compounded with a clear path of increasing global liquidity, which we discuss in our latest macro and global liquidity analysis. What is interesting is that buyers have been specifically accumulating physical gold and silver, rather than digital contracts representing the price of the two metals.
Why are so many people suddenly buying physical gold? Read on here to look at a few key developments around the world.
