SPDR Gold Trust (GLD) Assets Surpass $30B; Now 2nd Largest ETF In The World
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State Street (NYSE: STT) announced that assets in its SPDR Gold Trust (NYSE: GLD) have surpassed $30 billion, making it the second largest ETF by assets in the world.
Natalie Dempster from the World Gold Council said, "As economic uncertainty climbs, an increasing number of investors are adding more gold to their portfolios. Assets in the trust have increased by more than 60 percent in the last six months. This growth underscores gold’s safe haven appeal and its recognition as an excellent portfolio diversifier among a wide array of financial advisors and investors."
Maybe the GLD can bailout the banks
Natalie Dempster from the World Gold Council said, "As economic uncertainty climbs, an increasing number of investors are adding more gold to their portfolios. Assets in the trust have increased by more than 60 percent in the last six months. This growth underscores gold’s safe haven appeal and its recognition as an excellent portfolio diversifier among a wide array of financial advisors and investors."
Maybe the GLD can bailout the banks
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