Gold has gained from the financial crisis and subsequent recession. Although inflows reversed over summer, the long term prognosis for the gold ETF sector is positive. Paul Burgin reports
In times of trouble, investors head for gold. Until 2004, buying into physical gold was a costly and complex business. The additional security worries about stashing gold in the basement did not help either. For retail and institutional investors, gold exchange-traded products (ETPs) have proved a boon throughout the financial crisis and recent sovereign worries in the eurozone. Concern about Greece and the future of the euro caused the latest spikes in gold bullion prices. The World Gold Council (WGC) reported gold prices rose throughout the second quarter to end it at $1,244/oz on the ...
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