Clients in News: Gold Investor Index Positive for February
Miguel Perez-Santalla, vice president of BullionVault, is quoted today in a Reuters story on the results of the latest BullionVault Gold Investor Index.
February’s reading for the Gold Investor Index slipped to 54.4, from January’s reading of 54.9. The Gold Investor Index measures the balance of gold buyers and sellers on BullionVault, the world’s largest provider of direct gold bullion ownership to private individuals.
The downtrend signals a bearish shift among the survey of BullionVault’s 44,800 private investors in 159 countries, with $2.2 billion in stored bullion. A reading above 50 indicates more buyers than sellers across the month. The current series peak on BullionVault’s Gold Investor Index was 71.7 in September 2011.
“During the rebound, we saw our customers come back to buy, so the public was taking advantage of those real lows and they continued to watch for the dips,” said Miguel.
See the full Reuters story: Private gold investors less bearish than funds in Feb – survey.