Gold ETFs Global Price Driver?
Wednesday, August 22, 2007 - FreeMarketNews.com
The gold Exchange Trade Fund has become a roaring success. Traded on the NYSE under the symbol GLD, each 10 shares represent one troy ounce of .999 fine gold, with prices rising and falling according to investor demand and the price of gold itself. Investors can buy and sell it just like a stock, without paying the two to 6 percent premiums associated with buying physical gold. As Gene Arensberg, writing in Resource Investor says:"By the time that new order has fully evolved, it is conceivable that gold ETFs will become the most powerful pricing influence in the global gold supply/demand/liquidity equilibrium."At 490 tons of gold, the fund, even when compared to central banks, now ranks as the 11th largest holder of gold in the world."Yiannis Mostrous, writing in The Silk Road Investor confirms:"Are your investment returns becoming stagnant? Or worse yet, have you lost money on Wall Street during the last five years? Isn't it about time you refused to settle for measly investment returns with the "Dogs of the Dow" on Wall Street that barely cover the rising rate of inflation...?"Whether you're a beginning investor, or you simply want a well-rounded, large-cap portfolio with the finest companies on earth, I'd urge you to pull the trigger and take advantage of this special opportunity. If history is any guide, this run will last for many years, handing investors the chance for life-changing profits. You could be one of them." Staff Reports - Free-Market News Network
The gold Exchange Trade Fund has become a roaring success. Traded on the NYSE under the symbol GLD, each 10 shares represent one troy ounce of .999 fine gold, with prices rising and falling according to investor demand and the price of gold itself. Investors can buy and sell it just like a stock, without paying the two to 6 percent premiums associated with buying physical gold. As Gene Arensberg, writing in Resource Investor says:"By the time that new order has fully evolved, it is conceivable that gold ETFs will become the most powerful pricing influence in the global gold supply/demand/liquidity equilibrium."At 490 tons of gold, the fund, even when compared to central banks, now ranks as the 11th largest holder of gold in the world."Yiannis Mostrous, writing in The Silk Road Investor confirms:"Are your investment returns becoming stagnant? Or worse yet, have you lost money on Wall Street during the last five years? Isn't it about time you refused to settle for measly investment returns with the "Dogs of the Dow" on Wall Street that barely cover the rising rate of inflation...?"Whether you're a beginning investor, or you simply want a well-rounded, large-cap portfolio with the finest companies on earth, I'd urge you to pull the trigger and take advantage of this special opportunity. If history is any guide, this run will last for many years, handing investors the chance for life-changing profits. You could be one of them." Staff Reports - Free-Market News Network
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