Gold’s Best Year Since 1974 Sparks Record Inflows Into ETFs

March 15, 2016 3:36pm NYSE:GDX NYSE:GDXJ

record gold holdingsTyler Durden:   Gold is up 19% year-to-date, by far the best performing asset-class, making this the best start to a year since 1974.


“Negative rates in Japan and Europe coupled with weak global growth have prompted a surge in interest,” notes one trader as Gold-backed exchange-traded funds saw a record inflow of $7.2bn in February, surpassing the previous high set in 2009, according to BlackRock.

BlackRock’s iShares Gold Trust (ETF) (NYSEARCA:IAU) which saw creation halted due to the inability to meet excess demand for physical has not had one outflow this year.

 

And SPDR Gold Trust (ETF) (NYSEARCA:GLD) inflows are soaring.

 

This year $9.2bn has gone into gold-backed exchange-traded products, BlackRock said.

And it appears as The Fed remains on its rate-hiking-narrative path (and the rest of the world goes deeper and deeper into NIRP) perhaps this chart  – showing the Dow/Gold ratio breaking significant support – suggests gold will continue to outperform.

This article is brought to you courtesy of Tyler Durden From Zero Hedge.

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