Email of the day on ETF gold holdings
Comment of the Day

November 26 2021

Commentary by Eoin Treacy

Email of the day on ETF gold holdings

In the last few days, the chart for Total known ETF holdings of gold has turned up after a period of steady decline. Might this be a straw in the wind for better times regarding the gold price

Eoin Treacy's view

Thank you for this email which may be of interest to subscribers. ETF holdings of gold have swollen to become the third largest official holders of the metal. I don’t expect that trend to change, although it has had a meaningful correction over the last year. Before this bull market is over, I expect ETFs will be the largest holders of gold and potentially by a wide margin.

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