Avanza is one of the largest banks in Sweden, and in their monthly blogg, they're noticing a big movement where Swedes are selling their American funds and shares, to buy Swedish/European instead.

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[โ€“] 17 points 9 months ago (11 children)

The second biggest purchasing was noble metals, which must have hurt with the big drop during the latest week.

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  • [โ€“] 14 points 9 months ago (4 children)

    The drop was artificial to help cover short positions.

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  • [โ€“] 4 points 9 months ago (3 children)
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  • [โ€“] 7 points 9 months ago (3 children)

    The drop was large, but insignificant compared to the runup.

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  • [โ€“] 1 point 9 months ago (1 child)

    Thanks, I didn't know it increased that rapidly. However, I still think some people was buying gold after they saw that it increased a lot and they could have lost money.

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  • [โ€“] 3 points 9 months ago

    I recently switched up all of my investments to shift entirely out of the US dollar. As part of that I put a good chunk into gold just a couple weeks before the "crash", so I was in that group. It didn't concern me though. I went in with eyes wide open that commodities take some wild swings.

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  • [โ€“] 4 points 9 months ago (1 child)

    It's gold and silver, they are precious metals, therefore they are always gonna go up even with occasional dips. As someone mentioned, the price drop that happened was manipulated for insider traders, who bet on the price drop, to make sure they make money. I just bought more shares on investing in gold and silver.

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