Email of the day
Comment of the Day

August 17 2011

Commentary by Eoin Treacy

Email of the day

on the SPDR Gold Trust:
"With such massive interest in Gold ETFs for whatever one's reasoning, i.e. risk-aversion or inflation risk, can you share yours or the Collective's understanding of the GLD structure? We all know this is a physical gold ETF however has anyone actually counted or audited and certified the physical gold in custody?"

Eoin Treacy's view Thank you for this question which seems to be cropping up more and more as gold prices advance. ETFs have gone from relatively simple instruments almost a decade ago to becoming a highly convoluted sector where one really does need to do one's due diligence. The SPDR Gold Trust gives a full list of all its gold bars at the end of each day on its website. I do not believe there is any reason to doubt their claims.

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