collected by :Irax John
Gold price: ETF Businessmen remember bullish. On Wednesday, gold was trading up slightly from eight-week lows struck yesterday, interchanging hands for $1,277.10 in early afternoon dealings.
New information from the World Gold Council shows ETF vaults this day hold around 2,357 tonnes after 3 straight quarter of internet inflows this year.
Despite the pullback in the gold value during September, North American gold Businessmen poured money into gold ETFs, offsetting weakness elsewhere.
Inflows for North American-based ETFs totalled 36 tonnes during the month, When Europe recorded internet redemptions of twelve tonnes & Asia 1.7 tonnes.
Funds added only under 192 tonnes of gold year-to-date, equivalent to $7.5 billion, an promote of 7.7% of universal assets under management from December 2016.
WGC: ETF Gold Holdings height 22.4 Tonnes In September
(Kitco News) – universal holdings of gold with exchange-traded funds promoted with 22.4 tonnes in September to 2,357, the World Gold Council announced Wednesday.
However, there were outflows from Eu ETFs of twelve tonnes, When Asia-based ETFs lost 1.7 tonnes.
In North America, the SPDR Gold Shares ETF led inflows with 28 tonnes, followed with iShares Gold Trust with 8.5 tonnes.
Meanwhile, iShares Physical Gold, listed in London, gained 8.2 tonnes.
Global assets under management in gold ETFs rose with $2.2 bn in September to $97.8 billion, the WGC said.
This Brand-New Gold ETF can Be the “Best ‘Stock’ of the following Decade”
To profit from that, Money Morning Small-Cap Specialist Sid Riggs only recommended what he believes Information Systems the better gold ETF to purchas now.
Sid Information Systems very bullish on this pick, he calls today’s gold exchange-traded fund (ETF) “the better ‘stock’ of the following decade.”
But we do not recommend buying only any gold ETF.
Instead, we’re showing you the better gold ETF to purchas today, that Sid has called the “best ‘stock’ of the following decade.”
Here’s his ETF recommendation – & causes of it’s the better play than other gold ETFs…The better Gold ETF to purchas & Hold for the following Decade