THE PAPER GAME
by James Turk
Founder, GoldMoney.com
March 5, 2007
The World Gold Council recently announced that the assets of StreetTracks Gold Shares (ticker symbol: GLD), the NYSE-listed exchange-traded fund it sponsors, exceeded $10 billion. That remarkable accomplishment makes its fund one of the fastest growing ETFs in history, which in itself is a significant achievement given the growing popularity of these investment vehicles.
In view of this milestone, I decided to take a fresh look at GLD. I’ve looked at GLD many times in the past, but always came up with the same conclusion.
Despite the way it was originally presented before its launch, GLD is not an alternative to owning physical gold.To continue
http://www.financialsense.com/editorials/turk/2007/0305.html
No comments:
Post a Comment