Tuesday, February 09, 2010
1. Why China wants gold to plunge to $800
 
2. The 2 best large gold stocks to buy now
 
3. Barclays: It's time to short gold
 
1. This could be the biggest government cover-up of the last 20 years
 
2. Why you should be prepared to see silver fall in 2010
 
3. Over 820,000 jobs will disappear tomorrow morning
 
4. The best explanation of Barack Obama's agenda we've ever read
 
5. Porter Stansberry: How to earn a safe 17% a year on your cash
 
Supply crunch could send gold soaring
Advertisement
Tuesday, February 24, 2009
Text Size: increase text size decrease text size

As more investors bet on gold prices with ETFs, like SPDR Gold Shares (GLD), the fund managers must buy more gold to match investment levels. Already, gold ETFs have doubled the amount of gold they hold this year to $45 billion.

In the first seven weeks of the year, these trusts have added 306 metric tons of gold to their vaults, according to Barclays. That's just short of the 322 tons added all of last year. If that rate continues, ETF purchases will surpass the 2,120 tons bought for jewelry in 2008, making it the top source of demand.

Read full article... (requires subscription)

Topics: Gold | Commodities
RSS Feed

 
©2010 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.
Home | About Us | Archive | Partner | RSS