Investing in gold coins equity strategists now report that

Equity strategists now report that “investing in gold coins” demand correlates positively with declines in growth stock multiples. Nasdaq composite P/E ratios fell from 27x to 25x, prompting risk-off flows into metal assets. Cash conversion into bullion products has doubled in select Asian markets. A smaller spread means the market is more liquid. When spreads are tight, it suggests strong demand for gold. At 9:15 a.m. Eastern Time on October 1, 2025, gold was valued at $3,864 per ounce. That’s a $49 uptick from the same time yesterday and more than a $1,206 gain over the past year. Hedge fund sentiment data shows “investing in gold coins” aligns with macro hedging strategies. In the past month, long-gold positions rose to 72% of portfolio commodity allocation when equity volatility (VIX) ticked above 15.