Gold Demand: US & German Investors Are Buying More

Despite the old advice to “buy low, sell high”, we all know what people really do.  People tend to be skittish and nervous when prices go down, fearing they will drop further. They stay nervous until well past the half-way point in most run-ups. Then near the tops, everyone piles in – when prices are high.  Then, when the last buyer is finished – prices start dropping.  Slowly at first, then more rapidly. This pattern affects gold demand as much as any other market. 

And it looks like this is happening again in the world of gold. Prices dropped last month – not too far, we’re still within the boundaries of the 1310-1350 range – and that made most nervous.  Except in Germany and the United States, where the company BullionVault had increases year-over-year. Buying while prices are low? What are these people thinking?

 Today’s featured article discusses the increase and some of the factors surrounding it.  And as a special bonus, it even mentions silver at the end.  DISCLAIMER: The Gold Enthusiast has no ties to BullionVault; it’s just an interesting article that let us remind you of the #1 rule of making money, which is buy low, sell high. In case you forgot already.

 Related: Here’s How Trump’s Trade War Talk is Affecting Gold Markets

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as a continuing theme. Mike graduated from UC Berkeley with a business degree, then worked with Macy's in their operations arm. He left Macy's and spent a summer trading his own account, which taught him a lot about trading in general and markets in particular. Trading through the Black Monday and the Crash of 1987 showed him how most people are unprepared for upheavals in their trading. He then joined Waddell & Reed as a financial advisor, helping regular people understand their finances and meet their life goals.

Then came the usual story - Mike met and married the lady of his dreams. They moved to upstate New York, where Mike worked first for a small manufacturing consulting company, then Cornell University. While loving the work and the higher-education atmosphere, Mike missed the world of finance. Eventually, he signed up for stock trading coaching with the Adam Mesh Trading Group, to learn from people who understood modern markets. Within a year, Adam asked Mike to become a stock trading coach.

Since then, Mike has trained over 200 individuals, spoke at several national conventions, and is a frequent contributor to conference calls across the Adam Mesh community. Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keep him in touch with "the student mindset". Mike closely follows the gold, energy, and financial sectors. His motto is "Plan your trade, then trade your plan!"

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