In an attempt to secure their assets amid global economic slowdown and recession signals from the US, investors are turning to gold exchange-traded funds (ETFs), accumulating the highest amounts of it since 2013. Total known ETF holdings expanded to a six-year record, or 2,424.9 tons, on Wednesday, Bloomberg reported citing its data. The amount is around 1,000 tons higher than the figures of early 2016, when the pile of ETFs was still reeling from post financial crisis lows, standing at 1,425.1 tons. Gold ETFs are not equal to physical gold, as they are simply backed by the commodity. So they do not actually mean that the buyer owns th
Hence then, the article about wtf is an etf investors searching for safe havens hoard paper gold in record numbers was published today ( ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( WTF is an ETF? Investors searching for safe havens hoard ‘paper gold’ in record numbers )
Also on site :