Since the beginning of the year gold has increased by 17%. At the same time the broader market index fell in the same period by 7%. Investors literally pounced on ETF-funds and options contracts linked to the yellow metal amid widespread fears - based on AMarkets.
A large number of players believe that gold will continue to grow - central banks actively soften monetary policy. And this is a serious argument for the money to depreciate, and for precious metals - to grow.
The average daily volume of call options for the current month on assets SPDR Gold Trust (the largest "gold" with $ 29.5 billion under management fund) was the maximum volume with the crisis of 2011 - the time when the gold price was a record high. In addition, the current month - the third in terms of the record, in general, the history of the optional metal trade (Morningstar data).
A call option gives the right to buy shares of the Fund ETF at a specific price. Many players think: the market is clearly exceeded the level of fear, uncertainty and apprehension, popular shopping ideas leading banks, brokers, funds do not work - in such a situation, the most correct solution would be to buy the eternal values such as precious metals.