BullionVault's gold investor index dipped in January to 51.9, the lowest reading in 18 months. Any number above 50 indicates there are more buyers than sellers of physical gold, it continues to remind investors that the yellow metal is well off its highs from September 2011. BullionVault's Miguel Perez-Santalla tells TheStreet's Joe Deaux that the weakened sentiment likely occurred from investors squaring their books for end-of-year tax purposes.

More from Video

The Demise of the Great American Supermarket (Watch!)

The Demise of the Great American Supermarket (Watch!)

China to Slash Automobile Tariffs and 4 Other Stories You Must Know Tuesday

China to Slash Automobile Tariffs and 4 Other Stories You Must Know Tuesday

Listen: Smart Technologies That Could Lure Millennials Back to Motorcycle Riding

Listen: Smart Technologies That Could Lure Millennials Back to Motorcycle Riding

60 Seconds: What is the Volcker Rule and How Does it Affect Your Portfolio?

60 Seconds: What is the Volcker Rule and How Does it Affect Your Portfolio?

Video: Here's How Global Stocks Can Boost Your Portfolio

Video: Here's How Global Stocks Can Boost Your Portfolio