– Gold rallied “as stocks retreated” and “market risk became more systemic”
– As stock sell-off became systemic globally, gold rose meaningfully – World Gold Council
– IMF Global Financial Stability report highlights an increase in level of risk among multiple global metrics – WGC Investment Update
*Happy 15th Birthday GoldCore*

via Gold.org

The latest IMF Global Financial Stability report (released 10 October), highlighted an increase in the level of risk among multiple global metrics.

*Intra-day performance of major assets classes from 10 Oct and 12 Oct 2018.
Source: Bloomberg, World Gold Council

Following its publication, stocks in the US, Europe and Asia lost 4%, 3% and 4% respectively over three days. While the market has regained some of its early losses, we believe the report and the subsequent market pullback underline the relevance of holding gold in the near and long term.

As stocks were hammered, gold acted as a key flight-to-safety asset in the market. Initially, as the US market retreated, gold held steady. But as the sell-off became more systemic globally, gold began to rally meaningfully (see chart above).

Access full report at Gold.org

THANK YOU for helping GoldCore reach our 15th year in business. We were incorporated on this day 15 years ago, on October 23rd 2003, and we are delighted to have reached this milestone and achievement.

Over the years, we have been fortunate to enjoy the unwavering support of our families, government mint and refinery suppliers, vault partners, great staff and supportive clients.

We are positive on the outlook for gold and silver and regarding GoldCore’s next 15 years. We are excited about the continuing growth in assets in GoldCore Secure Storage (up over 22% this year), the launch of Direct Access Gold and the launch of storage in Ireland in Dublin and other international storage locations in the coming months.

Thanks to our excellent staff over the years and our amazing team today. And thanks to our community for your support and our clients for their support and custom.

We look forward to protecting and growing your wealth in the next 15 years.

Yours sincerely,

Stephen, Mark and all the GoldCore team

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 -- Published: Tuesday, 23 October 2018 | E-Mail  | Print  | Source: GoldSeek.com

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