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China launches two new gold ETFs

Posted on 01 August 2013

Whether you are a gold bug or not it’s been tough holding gold in 2013 as gold investors watch the price of gold drop over 20% in 2013. Has the appetite for gold dimensioned?
There could be renewed appetite for gold as China launched not one but two gold backed ETFs on the Shanghai exchange as China attempts to open the country’s gold market. Keywords here gold backed another words the ETF buys and sells physical gold similar to the SPDR Gold Shares Trust………………………………………..Full Article: Source


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VRS - who has written 38561 posts on Opalesque Commodities Briefing.


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