Buy gold and stick it away. WGC sponsored gold ETF's went through 600 tons last week ..
highest total ever...There were only tiny redemptions when the gold dipped back to 633 which is
the same pattern as when gold dipped to 550 ..The investors in that product arent giving anything up....its in strong hands..If you include then ishares ETF (Barclays run rather than HSBC) the total
is 20.4Moz = 635t. This is also the size of the net long position on Comex at the moment, but the ETF is very sticky. The highest ever spec position on Comex was 21.3Moz (October 2005) which looks set to be passed by the ETFs in the coming weeks. If the ETFs were a central bank they would rank 10th having passed China’s official 600t in mid-December. Next on the list is the Dutch with 654t and the ECB with 663t.
Even better think about Platinum. Lot of rumours about PL ETF. If that gets passed. Doubt it will get through CFTC but FSA may well pass it. Not a lot produced and essential demand...gonna create interesting political situation i imagine.