BullionVault Client-Buying Gauge Falls From 12-Month High

BullionVault, an online service for investors to buy and sell physical gold and silver, said its Gold Investor Index showed client purchases slowed in January from a 12-month high.

The gauge fell to 54.9 from 58.3 in December, the London-based company said today in an e-mailed report. A reading above 50 means more buyers than sellers. Gold slipped 0.7 percent in January, a fourth straight monthly drop and the worst run since May. It traded at $1,674.45 an ounce by 7:31 a.m. in London.

Prices gained for a 12th successive year in 2012, the longest winning streak in at least nine decades, as central banks from the U.S. to China pledged more steps to boost economic growth. Global equities reached a 20-month high in January on mounting confidence a recovery is accelerating. Investors own a near-record 2,614.8 metric tons of gold through exchange-traded products, data compiled by Bloomberg show.

“Independent investors are giving only half a cheer to the flood of conflicting economic data,” Adrian Ash, head of research at BullionVault, said in the report. “Savers’ anxiety levels have eased. But the need for long-term crisis insurance remains clear and present.”

BullionVault’s customers own about 1.12 billion pounds ($1.76 billion) of gold, the company said. The metal is stored in vaults in London, Zurich and New York.

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