Investors Pull Billions from Stocks As New Bitcoin, Crypto Options Appear
By GCRU Gold News on Monday, August 28 2017, 01:09 - Permalink
CNBC has reported that the stock market has seen the largest withdrawal rate since 2004, with more than $30 bln being taken out of the markets over the past 10 weeks. The major withdrawal also included a huge abandoning of precious metals.
Private client allocation to precious metals has seen a massive reduction, with portfolios holding 10 percent in 2013 being reduced to below two percent in recent weeks.