26.05.2016 - The easiest way to buy gold is actually backed by the real thing
The largest gold exchange-traded fund (ETF) says it has the physical gold to back up every share it issues. Because investors don’t buy physical gold when they purchase shares in the ETF, there’s been concern that the fund does not. The SPDR Gold Trust exchange-traded fund, which uses the ticker ‘GLD,’ launched in 2004. In part, it serves as a cheaper alternative to investing in the physical metal. It is sponsored by the World Gold Council, which has oversight over the Bank of New York Mellon as a trustee...............................................Full Article: Source
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