BREAKING: Global gold funds posted +$6.2 billion in inflows last week, the 3rd consecutive weekly intake. Year-to-date, gold funds have attracted a record +$148 billion in annualized inflows. In other words, at this pace, investors will pour more capital into gold funds than the 2025 record of +$101 billion. This would also be +200% higher than the 2020 pandemic year. Gold funds saw +$19 billion in inflows in January, the strongest month on record. Asset owners are accumulating even more assets.(The Kobeissi Letter)