SPDR Gold ETF Continues To Attract The Average Retail Investor

Share This Article
October 30, 2009 10:40am ETF BASIC NEWS NYSE:GLD

gold-man“In Oklahoma, where oil drilling rigs dot the horizon, commodity investing usually means speculating on black gold. But Edmond, Okla. retiree Carol Clemens’ latest gold bet

 is in the shiny stuff. Over the summer, the 63-year-old bought into an exchange-traded fund, SPDR Gold Trust, that purchases and stores bullion and then sells ownership stakes that can be traded,” Mark Jewell Reports From Herald Tribune.

“Clemens is tiptoeing in for now — an investment she sees as an inflation hedge accounts for just 1 percent of the portfolio she shares with her husband, a military retiree. “We don’t have inflation now, but my instinct is it will head in that direction with the government printing so much money to fix the economy. It’s nuts,” said Clemens, a local investing club member who normally turns her nose up at speculative investments,” Jewell Reports.

“Clemens is hardly alone. SPDR Gold Trust has seen nearly $9.7 billion flow in from investors in the year to date through September, according to Morningstar. The flood of cash has made it the second-biggest ETF, with nearly $37 billion in assets, second only to the $67.6 billion in an ETF that tracks the Standard & Poor’s 500 index. All told, through September, nearly $14 billion has flowed into precious metals ETFs and mutual funds that buy stocks of companies mining gold and other metals,” Jewell Reports.

See Full Story: HERE

  • Get 10 Trading Lessons FREE Click Here

  • 9 "MUST OWN" Growth Stocks For 2021

    Read Next

    Free Investing Ideas Newsletter!

    Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

    Most Popular

    7 Best ETFs for the NEXT Bull Market

    Explore More from ETFDailyNews.com

    Free Investment Newsletter

    Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

    ETFDailyNews.com respects your privacy.

    Best ETFs

    We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

    View Top Rated ETFs

    Best Categories

    We've ranked dozens of ETF categories based on relative performance.

    Best ETF Categories