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Shanghai Gold Exchange planning to start ETF

Posted on 23 May 2011

Another gold ETF needing to be fed with copious amounts of physical gold bodes well for the demand side of the gold equation. With $483 million raised in January the Chinese have signaled their support for such a product, so coupled with increasing demand for the metal of Kings, it will be worth watching how this one performs.
The rise of the ETF as a investment/trading vehicle has been phenomenal and if the Chinese get the ‘bug’ then there is telling just how large this ETF could become……………………………………….Full Article: Source


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