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Investment fund amasses world's sixth-largest gold hoard
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Thursday, April 23, 2009
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From Newsmax:

Investment inflows into gold-backed, exchange-traded funds jumped to an all-time high in the first quarter, boosted by a combination of risk aversion and economic uncertainties, the World Gold Council said Wednesday.

Investors bought a record 469 tonnes in gold ETFs during the quarter, surpassing the previous high of 145 tonnes set in the third quarter of 2008. Total bullion holdings in gold ETFs rose to 1,658 tonnes in the first quarter, WGC said in its quarterly investment report.

...GLD, the world's sixth-largest gold holder behind the government of Italy, saw its holdings surge 75 percent in the last 12 months.

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