15.05.2014 - Gold ETF lets retail investors swap shares for bars
A new gold-backed exchange-traded fund launching this week boasts a unique characteristic: individual investors can take delivery of physical gold — in small bars or coins — in exchange for shares of the Merk Gold Trust. Set to start trading Friday under the ticker OUNZ, the Trust, at first, seems similar to other exchange-traded funds that hold gold bullion in the form of bars — most notably the world’s largest gold-backed ETF, the SPDR Gold Trust. But Merk Investments refers to its offering as a “deliverable gold ETF” and is betting that it’s filling a previously unmet need...............................................Full Article: Source
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