In fact, there has since been a wide-array of other gold-type ETFs that have hit the market, like the iShares Gold Trust (NYSEArca: IAU) and the ETFS Physical Swiss Gold Shares ETF (NYSEArca: SGOL).
No doubt, the bullion is piling up at the SPDR Gold Shares (GLD), ETFS Physical Swiss Gold Shares (SGOL) and iShares Gold Trust (IAU).
Yes, it helped to supercharge the values of the SPDR Gold Shares (GLD), ETFS Physical Swiss Gold Shares (SGOL) and iShares Gold Trust (IAU).
Actually, stocks like SPDR Gold Shares (GLD), ETFS Physical Swiss Gold Shares (SGOL) and iShares Gold Trust (IAU) are already part of the core holdings for many Americans.
It is also getting much easier to find liquidity, such as with the SPDR Gold Shares (GLD), ETFS Physical Swiss Gold Shares (SGOL) and iShares Gold Trust (IAU).
Interestingly enough, John thinks that you will not necessarily get the best results with exchange traded funds like the SPDR Gold Shares (GLD), ETFS Physical Swiss Gold Shares (SGOL) and iShares Gold Trust (IAU).
Chart Analysis : Whether investing or trading one of the gold ETFs or buying physical gold, it is important to keep an eye on the gold futures.
Mark Leibovit, chief market strategist at VR Gold Trader.com, pointed out that a precious metal exchange-traded fund that he watches, ETFs Physical Swiss Gold shares (SGOL), put in a key reversal.
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For example, in the United States physical gold (including gold held in ETFs) is generally considered to be a collectible, which is taxed at 28 percent, rather than the 15 percent levied on most financial securities.
There are also some recent ETFs that I have heard physical gold bugs saying they are more comfortable with, including Central Gold Trust (GTU) , which now sells above its net asset value (NAV) and Sprott Physical Gold Trust (PHYS), which also trades above its NAV.
Gold-backed ETFs can accelerate price declines in the metal as investors cash out, releasing physical gold into the market.
If it continues to worsen, investors, particularly in Europe, are likely to accelerate their rush into physical gold, buying bullion coins, small bars, and ETFs, as they did in mid-2010 when Euro-angst was, like now, at a feverish pitch.
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Several analysts told Kitco News that it appears the main factor differentiating this planned product from the majority of the existing ETFs in North America is the ability of investors to get their hands on physical gold or silver whenever they choose to exit, although they could also cash out.
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Hackett said if the stock market falls further, that could put more pressure on ETFs as those investors view their gold holdings as a stock and not necessarily a physical holding.
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However, he said, because the biggest ETFs, like the SDPR Gold Trust, are physically backed, it could have an impact on the physical market because those funds then free up more supply which could pressure prices.
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