Gold-Linked Exchange-Traded Products Are Growing in Popularity With Investors...
Gold ETF Holdings Surge… But Do They Actually Hold #Gold? https://t.co/MhBxF1nZ30
— Money Metals Exchange LLC (@MoneyMetals) December 10, 2019
Gold ETF Holdings Surge… But Do They Actually Hold Gold?
In October, according to the World Gold Council, gold ETFs attracted $1.9 billion in net inflows to reach a new record high total gold holding of 2,900 tonnes – at least on paper.
There is good reason to be skeptical of whether all these “gold” vehicles actually hold physical metal sufficient to back their market capitalizations on a 1:1 basis. Some of them very well might; others almost certainly don’t.
