gold ETFs falling

Why is India’s interest in gold ETFs falling?

Gold Silver Reports – With equity markets rising (the S&P BSE Sensex has returned 15% in the last 2 years and 26% so far this year), it’s no wonder that other assets—especially gold—have taken a back seat. According to the Association of Mutual Funds of India (Amfi), equity funds have seen net inflows (more money came in than went out) of Rs1.78 trillion so far in 2017.

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Gold ETFs add 9.1 tonnes in November

Gold Silver Reports – Gold ETFs add 9.1 tonnes in November – The World Gold Council has reported that gold ETFs saw net inflows amounting to 9.1 tonnes of gold ($393 million) during November, bringing total holdings to 2,357t ($8.5 billion).

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Equity Mutual Funds

Mutual Funds Log Rs1.26 Trillion inflow in November

Gold Silver Reports – Investors have pumped Rs1.26 trillion into mutual funds in November, driving industry assets under management to an all-time high of Rs21.8 trillion. With the latest inflow, total infusion in MF schemes reached Rs3.8 trillion in the first eight months (April- November) of the current fiscal, latest data with Association of Mutual Funds in India (Amfi) showed.

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‘Buy Bitcoin’ Overtakes ‘Buy Gold’ as Online Search Phrase

Gold Silver Reports – Add bitcoin to the list of things denting gold’s appeal. — Bullion’s rally faltered in the past two months as the dollar strengthened and global equities set new records, while concerns over Brexit and Catalonia’s push for independence failed to drum up notable haven demand. Now, bitcoin’s surge is attracting investor interest toward the cryptocurrency and away from the metal, the biggest online vaulting service said.

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What is Bitcoin Mining

Bitcoin Contentious Bid for Legitimacy

Gold Silver Reports – Bitcoin Contentious Bid for Legitimacy – Instead of bringing clarity, an impressive price surge last week accentuated the differences within the financial industry about the future of the bitcoins. Opinions range from those asserting that we are witnessing the birth and maturation of a new global currency to those who argue that the phenomenon is a “fraud,” with a large middle either reserving judgment or arguing that it will last but currently may risk being in the midst of a speculative price bubble.

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