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02/27 06:55

Gold and silver have both become the ultimate safe

#Create Content for HTX and Win a Share of 1000U! #Community Mega Airdrop #Espresso: Global Confirmation Layer for L2s Gold and silver have both become the ultimate safe haven assets as demand for both continues to rise high. Every country is looking forward to scooping up gold, busy building a reservoir against volatile macroeconomic policies. But this one country’s gold ETFs have hit a record 900% high. What does this development signal?Also Read: 44 Strategists See S&P 500 Rising to 7,500 by End of 2026This Country Is Moving Billions Into GoldSource: PexelsAs per the latest post by the Kobeissi letter, gold is now a central asset for Indians, as they continue to prefer gold over equities. Indian investors have been rapidly exploring gold, with gold ETF inflows in India peaking by nearly 250 billion rupees. These inflows have now surpassed that of equities, making gold shinier than every other asset.Moreover, gold ETF inflows have risen by 900% in India since July, making it the hottest market trend to explore as of late.“Indian investors are rushing into gold at an unprecedented pace. Gold ETF inflows in India are up to ~250 billion rupees, an all-time high. As a result, inflows into gold funds have surpassed equity mutual fund inflows for the first time. This comes as gold ETF inflows have risen more than +900% since July. Over the same period, equity fund inflows have declined by 170 billion rupees. As the world’s 2nd-largest gold consumer and one of its biggest importers, India’s shift toward gold ETFs marks a fundamental change in how its investors are allocating their capital. Indian retail investors are choosing gold over equities.”Indian investors are rushing into gold at an unprecedented pace:Gold ETF inflows in India are up to ~250 billion rupees, an all-time high.As a result, inflows into gold funds have surpassed equity mutual fund inflows for the first time.This comes as gold ETF inflows have… pic.twitter.com/KxclLzfWtR— The Kobeissi Letter (@Kobeissi

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