SPDR Gold Trust on track for rare monthly inflow

Short of panicky outflows tomorrow, the SPDR Gold Trust (GLD) is set to record its first monthly inflow since December 2012. The fund has added 10.5 tons to reserves thus far this year amid a rally in gold prices after losing over 550 tons in 2013.

Overall gold ETF holdings, however, are up just 7.3 tons this year, meaning there's still net drawdowns outside of the GLD.

Gold continues to meander around a 4-month high, currently trading at $1,330 per ounce.


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Comments (4)
  • ddearborn
    , contributor
    Comments (193) | Send Message


    And not a peep about the record purchases of physical gold for the 3rd year in a row. Investors have gotten out of paper gold when it became clear that like the FED, the US Treasury, JP Morgan etc. when the question of just how much and who actually has first claim to the gold was anybody and everybody but the average investor. And it is clear that unless you physically have possession these investments are not worth more than the paper they are printed on in a crisis situation. Clearly this article was written to cast a negative light on gold. This pattern of gold bashing has been going on for years. Go Alfa.
    27 Feb 2014, 05:34 PM Reply Like
  • minecanary
    , contributor
    Comments (1368) | Send Message
    I see they at least had the decency to take the gold line off the chart since they always had it charted as under performing the on-the-hour updates that came out...and worse then was shown on reputable websites. Now I think about it, I bet they just removed it because they looked silly posting negative stories in the next column when it was outperforming equities!
    27 Feb 2014, 09:32 PM Reply Like
  • filipo
    , contributor
    Comments (4662) | Send Message
    Yes, and those numbers look so futile compared to what the big boys trade:
    28 Feb 2014, 12:10 AM Reply Like
  • Silver Bog
    , contributor
    Comments (151) | Send Message
    Do you seriously believe that the gold that was so-called deposited with GLD really belonged to the depositor (read JPM)? From what we have read in the past from Eric Sprott with silver it is extremely difficult to obtain large quantities. He implies that the same situation applies with gold.


    So logic says that JPM leases the gold from a central bank - say Fort Knox depository and places it as an asset in it GLD account. This encourages others to do the same thing since the largest ETF for gold is GLD. It makes others think that they gold hasn't been re-hypothecated and there must be substance to GLD. Then JPM gets a short call where the buyer wants delivery on Comex. So JPM takes the leased gold and gives delivery. They leave an IOU in the vaults of Fort Knox.


    What you say? How could the custodians at Fort Knox fall for such a ruse? That's what the Germans have been saying. That's why the Germans are not allowed to audit or even LOOK at the gold they stored at Fort Knox or the warehouse in New York where it is secondarily deposited. This can't be you say. That would be outright fraud.


    Well, maybe you ought to read the opinions of Jeff Nielsen at Bullion Bulls. He is basically telling us that as JPM are the custodians of all the gold and silver in both GLD and SLV, the whole thing stinks to high heaven.


    Remember Jamie Dimon is the president of JPM - doesn't that tell you something? Think John Corizon of Global and you have an idea what you can expect. Is it a good idea to have the fox guarding the chicken coop?


    Anyway - the whole fraudulent game will unwind. The only thing we don't know is the exact timing.
    27 Feb 2014, 09:43 PM Reply Like
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