By August 8, holdings in exchange-traded products backed by gold rose to a record 2, 217 tons to put that in perspective, last December the SPDR Gold Trust, the largest of such ETFs, held 1, 299 metric tons of gold but that figure had dropped to 1, 272.89 metric tons as of Aug. 11.
Gero said redemptions in ETFs like SPDR Gold Trust (NYSE: GLD) has created a lot of supply in the market place, which, with the lack of demand, will take a while to work its way through.
That changed when new data showed nearly 15 metric tons of gold flowed out of the ETFs, with the majority coming from the largest product, SPDR Gold Trust (GLD).
The SPDR Gold Trust (GLD), the largest of the gold ETFs, also marked a key reversal.
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Buy State Street's SPDR Gold Trust or Black- Rock's iShares Gold Trust ETFs.
Popular ETFs SPDR Gold Shares (GLD) and iShares Silver Trust (SLV) followed.
There is a better way to invest in gold and silver than the popular but I believe structurally unsound ETFs like SPDR Golld Shares ( GLD) and iShares Gold Trust ( IAU).
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One of the most exciting markets to trade over the past few years has been gold, and during this time, the SPDR Gold Trust ( GLD) has become one of the largest and most popular ETFs.
The US Treasury market continues to trade near record low yields, while precious metals ETFs like SPDR Gold Shares ( GLD), and iSilver Trust ( SLV) have been holding steady after their recent correction, not too far from their all time highs.
This has meant losses for commodity-backed ETFs like the SPDR Gold Shares (NYSE:GLD) and the iShares Gold Trust (NYSE:IAU).
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).
Instead, the best place still looks like the commodity-backed ETFs, such as the SPDR Gold Shares (NYSE:GLD) and the iShares Gold Trust (NYSE:IAU).
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