Gold ETF Inventory Growth: So Long, Switzerland

Well, the suspense is over. It lasted all of one day. Absent any outflows (which have been few and far between in recent months) the SPDR Gold Shares ETF (NYSEArca:GLD) will be looking at Switzerland in the rear view mirror from now on.
For more details and on this subject along with a chart of the inventory growth at the world's most popular gold ETF, see this item.

Full Disclosure: Long GLD at time of writing

Comments

[Sakata]

Wouildn't it be interesting to know what percentage of the figures in the "tonnes" column are ACTUALLY held by each of the countries and GLD, as compared to what they claim?

2009 Mar 13 08:21 AM

[yellowhoard]

Call me paranoid, but I don't trust the accounting on this. At least, that's what the voices in my head tell me.

2009 Mar 13 03:01 PM

[TERN]

"The world's most popular gold ETF."

Sounds like a potentially very crowded trade to me.

The ETF aims to mimic the gold price, but how is it that the gold price will not mimic the ETF, when 1000 tons of the total bulk holdings of gold have become so liquid?

The world's retail investors can be spooked a lot easier than the CB's of Switzerland, the Netherlands or Japan.

2009 Mar 13 09:20 PM