Gold ETF assets climb to a new record of 77M ounces, according to ETF Securities, but industry...


Gold ETF assets climb to a new record of 77M ounces, according to ETF Securities, but industry giant GLD isn't getting as much of the business as a look at its size would predict. The $65B fund garnered just $88M over the past month. The less expensive, but less liquid $9B-sized IAU pulled in $57M.

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Comments (4)
  • Jim McCraigh
    , contributor
    Comments (158) | Send Message
     
    The news here is that investors ARE buying gold etfs... could it be that the message about currency debasement is finally beginning to get some getting traction? Interesting interview with Eric Sprott was posted recently at http://wp.me/p2esYO-8k
    10 Jul 2012, 02:47 PM Reply Like
  • Ray Lopez
    , contributor
    Comments (1807) | Send Message
     
    Gold is real money that grows when fiat money declines. And you can bet the Keynesians will be watering down the fiat money soon. What happens to paper money when it gets soggy? It disintegrates. What happens when you sprinkle water on gold? Heh heh exactly.
    10 Jul 2012, 04:49 PM Reply Like
  • sean.parmelee
    , contributor
    Comments (791) | Send Message
     
    What happens to the price of a commodity that rose 10X on the speculation of comparable inflation, when said inflation doesn't materialize?
    11 Jul 2012, 11:35 AM Reply Like
  • Ben Bernankes friend
    , contributor
    Comments (475) | Send Message
     
    You get gold bugs who get excited because its only been off the standard for ~40 years....
    13 Jul 2012, 11:03 PM Reply Like
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