“Why is this happening? And what does it mean? Certainly some of the shift stems from concerns with the funds themselves. Another reason for the shift is certainly due to global economic, fiscal, and monetary concerns. As fears of systemic risk ratchet higher, it’s only natural for investors to gravitate toward the safest methods for holding physical metal. Throw in events like what happened to MF Global last year, and it’s easy to understand why many investors would prefer holding their own bullion over a fund. More important, what should we do as a result of this trend?”
