Rebel Capitalist News Is It Time To Sell Gold?
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Oct 3, 2025 The central question explores whether it's time to sell gold as it approaches record highs. The discussion reveals that central banks and ETF flows are driving gold's rally. Notably, retail jewelry demand has decreased while bar purchases have surged. Insights into how Fed signals might impact gold prices add depth to the conversation. Analysts debate if current market behavior indicates a bubble, especially without significant retail participation. George shares his strategy of selling some physical gold to invest in mining stocks.
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Central Banks Drive Gold Rally
- Central bank buying and ETF inflows are the main drivers of the recent gold rally, not retail mania.
- Developing countries buy gold to diversify away from dollar counterparty risk, boosting demand materially.
Why Central Banks Prefer Gold
- Central banks have bought over 1,000 metric tons annually since 2022, indicating sustained demand in ounces.
- Central banks treat dollars as counterparty risk and can replace reserves with gold without matching liabilities.
Retail Is Not Leading This Rally
- Retail coin premiums are tight and coin buying fell while small bar purchases rose, signaling net retail selling.
- Tight spreads suggest retail hasn't broadly re-entered the gold market like in 2011.