ETF Bullion Holdings Hit Record As Investors Go Gold Crazy - News Summed Up

ETF Bullion Holdings Hit Record As Investors Go Gold Crazy


Examples of gold bullion are on show at Merrion vaults in Dublin on January 7, 2019. The mass inflow brings the total gold held in such ETFs to a record-breaking high of 2,808 tons worldwide worth $134 billion. These funds include the SPDR Gold Shares ETF (GLD), which is the world’s largest and most liquid gold-backed fund, which grabbed 43 tons more bullion during the 30 days. North America Leads the WaySeptember’s inflow came primarily from investors in North America, where 62 tons of the metal got added. That’s because lower interest rates for dollar deposits may cause inflation.


Source: Forbes October 08, 2019 12:45 UTC



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