Sun, Dec 21, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | ETFs / ETCs, Investment, Trends more

ETF investor turns paper into gold bullion for the first time

Posted on 15 October 2010

From Citywire.co.uk: A mystery investor has paid a £750 fee and turned shares in an exchange traded fund (ETF) into physical gold. The ETF - or exchange traded commodity (ETC) - called Gold Bullion Securities, has a built-in facility that allows investors to swap their shares for gold, but this has never been used before.
The timing of the first transaction of this sort is likely to be related to the price of gold which has been hitting new highs on a daily basis……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 38538 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031