| Investors are celebrating the 10th anniversary of the world’s first exchange-traded fund backed by physical gold, and they’re in awe over how much the investment vehicle has altered the landscape for the precious-metals market forever.
MarketWatch told you almost seven years ago that change was already in motion. Still, at the time, it would have been tough to imagine the true scope of influence the gold ETFs have had on the market. Now “it is widely acknowledged that the launch of gold [exchange-traded products] has had a very significant impact on the gold market and is now a key part of it,” Graham Tuckwell, chairman at ETF Securities, said in a press release marking the 10th anniversary of the first gold ETF...............................................Full Article: Source |