NEW YORK--()--BullionVault’s Gold Investor Index©, the world’s first indicator of retail-investor sentiment towards physical gold based on revealed preference, dipped in January to 54.9, following a steady month-to-month rise that began in July, and peaked at 58.3 in December, 2012. The downtrend signals a bearish shift in January among the survey of BullionVault’s 44,800 private investors in 159 countries, with $2.2 billion in stored bullion. A reading of 50.0 would signal a perfect balance of buyers and sellers. The Index peaked in September 2011 at 71.7.
“Nearly two thirds of BullionVault’s users are in the U.S. and U.K., so the Index is heavily weighted by investor sentiment in these two major financial markets”
The Gold Investor Index takes the balance of net buyers (who added to their holdings) versus net sellers over the last calendar month on BullionVault, the world's largest provider of physical gold ownership to private investors. This gives a clear indication of how private households are reacting to economic and financial news by either buying, selling or continuing to hold gold. And because gold investment is often a barometer of consumer confidence and expectations, the Index offers a useful guide to broader economic sentiment.
“Nearly two thirds of BullionVault’s users are in the U.S. and U.K., so the Index is heavily weighted by investor sentiment in these two major financial markets,” said Miguel Perez-Santalla, Vice President of BullionVault. “With the U.S. stock market at its highest level in years, and perceived job growth, personal gold investors are not rushing to buy as they were in the last half of 2012. Also the fast money loses interest as volatility decreases, as we have seen over the last few months as it dropped over 30%. Still we have seen our customer inventories continue to grow by nearly a third of a ton in January.”
About the Gold Investor Index
BullionVault's Gold Investor Index is calculated using proprietary data from BullionVault, the world's largest physical gold and silver market for private individuals. It is based on the trading activity of thousands of self-directed private investors, who buy and sell gold using BullionVault's 24-hour exchange online. A reading above 50 indicates more buyers than sellers across the month, and suggests private investors are more bullish towards gold. A reading below 50 indicates more sellers than buyers.
BullionVault is the physical gold and silver market for private investors online. It enables people to buy and sell professional-grade bullion at the very best prices online.
Each user's property is stored at unbeaten low cost in secure, specialist vaults in London, New York and Zurich. BullionVault's unique Daily Audit then proves the full allocation of client property – safe and sound, inside the vault – every day.
Launched in April 2005, BullionVault is a full member of professional trade body the London Bullion Market Association (LBMA). In 2009 it received a prestigious Queen's Awards for Enterprise Innovation for giving private individuals access to the professional bullion market. The gold industry's key market-development organization, the World Gold Council, recommends BullionVault for retail investment gold and became a shareholder in 2010.
More than 44,800 people have now used BullionVault to buy, store and trade physical gold and silver. Between them, they own $1.76 billion worth of gold bullion – more than is held by most of the world's central banks – plus a further $377m in physical silver.
For more information, visit http://www.bullionvault.com