Investors sold off gold-focused funds at a record high in 2022

Nick Barisheff, CEO of BMG Group, said in a recent interview that 2022 has been the worst year ever for liquidating gold-focused mutual funds. According to Investing News, even though BMG Group's precious metals investment funds are performing better than others, investors are pulling out.

Barisheff noted that this situation is atypical; previously, investors quite rarely came for physical precious metals. Today, investors want to take back bullion, which, as a rule, are not redeemed or traded. Physical gold, which was previously held by Brink's, is removed from the vaults and transferred to investors for subsequent sale.

With the help of financial advisors, investors get access to BMG Group's precious metals funds. Clients liquidate their assets to get cash and thereby offset rising inflationary costs, including mortgage costs. Barisheff sees this as a bad sign for the coming year.