30.09.2010 - Gold: Now the world’s hottest fiat commodity
From Cityam.com: Gold just keeps going up. And the ways in which investors can buy it are becoming increasingly varied. This week, Deutsche Borse Commodities launched a new form of exchange-traded security that is essentially a certificate of ownership for a chunk of allocated gold. In a signal of how much demand they expect, the firm has reserved €1.6bn worth of gold for the purpose. Meanwhile, iShares’ main physically backed gold exchange-traded note now stands at over $4bn in total net assets and data from the World Gold Council shows that investor (as opposed to industrial) demand now accounts for 38 per cent of gold demand, versus 19 per cent in 2007..............................................Full Article: Source
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