Are Investors Still Bullish On The Gold ETF’s?
“Gold set record highs for a second straight session on Wednesday as investors bought the precious metal due to fears the dollar may weaken further, bringing inflation. Bullion has gained nearly 20 percent this year, helped by dollar weakness and inflation worries after central banks and governments across the globe poured billions of dollars into the financial system to revive growth,” Frank Tang and Humeyra Pamuk Report From The Washington Post.
“Gold’s rally has boosted flows into exchange traded funds (ETF). The world’s largest gold-backed ETF, the SPDR Gold Trust (GLD), said its holdings stood at 1,100.514 tonnes as of October 6, up 0.2 percent or 2.441 tonnes from the previous business day for the third consecutive day of increase,” Tang and Pamuk Report.
“But high prices should curb demand for physical gold, some analysts said, which could make it hard to sustain the rally. Renowned investor Jim Rogers, one of the biggest bulls on this decade’s commodities rally, is not so bullish on gold a day after the precious metal set a record high, although he does see further gains in the long term,” Tang and Pamuk Report.
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We have listed the profiles of some Gold ETF’s below:
The objective (IAU) of the trust is for the value of its shares to reflect, at any given time, the price of gold owned by the trust at that time, less the trust’s expenses and liabilities. The trust is not actively managed. It receives gold deposited with it in exchange for the creation of baskets of iShares, sells gold as necessary to cover the trust’s liabilities, and delivers gold in exchange for baskets of iShares surrendered to it for redemption. The trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act.
The investment (GLD) seeks to replicate the performance, net of expenses, of the price of gold bullion. The trust holds gold, and is expected to issue baskets in exchange for deposits of gold, and to distribute gold in connection with redemption of baskets. The gold held by the trust will only be sold on an as-needed basis to pay trust expenses, in the event the trust terminates and liquidates its assets, or as otherwise required by law or regulation.
Gold Bullion Securities (GBS) are designed to offer investors a simple, cost-efficient and secure way to access the physical gold market. GBS is intended to provide investors with a return equivalent to movements in the gold spot price less fees.
ETFS Physical Gold (PHAU) (PHAU.L) are designed to offer investors a simple, cost-efficient and secure way to access the precious metals market. PHAU is intended to provide investors with a return equivalent to movements in the gold spot price less fees.
The ZKB Gold ETF (ZGLD.SW) only invests in physical gold. The currency class CHF reflects the value of around 100 grammes per unit, for the currency classes EUR and USD one share reflects the value of around 1 ounce gold. Investors can at any time request the sale of their units or payment in kind in physical gold. The ZKB Gold ETF is listed on the SIX Swiss Exchange and is traded on a daily basis. The listing guarantees the publication of current market data and cost transparency that benefits the investor.
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