| ETFs are fairly new to gold. The first ETF backed by physical gold was launched in Australia in 2003. However, it wasn't until November 2004 when State Street Global Advisors and the World Gold Council launched SPDR Gold Shares (GLD) that gold-backed ETFs really took off. Although GLD is by far the largest, a number of gold-backed ETFs give investors direct exposure.
By the end of 2014, ETFs held more than 1,600 tonnes of gold, equal to about six months of mine supply. ETFs Have Had a Volatile Impact on Gold Since their introduction, gold ETFs have been one of the most volatile sources of demand and, at times, supply..............................................Full Article: Source
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