Americans Cash Out on Gold Coins as Asian Investors Bulk Up

Americans who once snapped up gold bars and coins are offloading the assets while their Asian counterparts show no letup in bullion buying, a sign investors on opposite sides of the world have different outlooks on the global economy.

The divergence suggests US residents who stash bars and coins at home or in safe deposit boxes — akin to stock market day traders — are more at ease about US President Donald Trump’s tariffs, rising government debt and geopolitical tensions. And, they’re ready to cash in after the metal’s stunning rally over the past two years.

Known as retail ...