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iShares Global Materials ETF V.MXI


Primary Symbol: MXI

The fund seeks to track the investment results of an index composed of global equities in the materials sector. The fund seeks to track the investment results of the S&P Global 1200 Materials Index (the Underlying Index), which measures the performance of companies that S&P Dow Jones Indices LLC (SPDJI), a subsidiary of S&P Global, Inc., deems to be part of the materials sector of the economy and that SPDJI believes are important to global markets. It is a subset of the S&P Global 1200.


ARCA:MXI - Post by User

Comment by wilwalon May 17, 2015 9:12am
139 Views
Post# 23737062

RE:RE:RE:RE:New paradigm

RE:RE:RE:RE:New paradigmThe problem with gold demand for the purpose of hoarding as a store of value against a feared event, it usually occurs for awhile then passes.....or reverses.   Lately there was a spike in demand from Germany and Switzerland due to feard of EU QE and a possible Grexit.  Events like that are characterized by buyers increasing their hoard then stop buying.  You would have to have a huge paradigm shift around the world where a broad number of investors think they need to increase their physical gold over an extended period of time, and I don't see that happening at the moment. It could happen when stock market investors get nervous that their record high stocks are overpriced and they start to take money off the table and put it into gold.  I think some of the recovery in gold stocks this year is coming from the profits of other stocks looking for something cheap. That could become much bigger over the next year or so especially if we see the S&P continue to rise another 400-500 points.

Demand for gold consumption has some potential.  Most gold "consumed" is in jewelry.  With India's economy looking increasingly better and about to overtake China in annual GDP growth %, there is likely to be some extra demand there as they love gold jewelry.   Also, there have been some signs that gold is making a popular comeback in the Western world for bling.
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