A few weeks ago I searched up some data on the GLD tonnes of gold in their trust Vs. Total gold ETF holdings and we saw an obvious correlation. I'll update this page once in a while to see where we are headed to.
Whenever GLD gold holdings go up, the holdings of exchange traded funds backed by physical gold go up.
GLD used to take up 70% of the total gold ETF holdings in 2008, but today it only adds up to about 40% share of the total gold ETF holdings.
Whenever GLD gold holdings go up, the holdings of exchange traded funds backed by physical gold go up.
GLD used to take up 70% of the total gold ETF holdings in 2008, but today it only adds up to about 40% share of the total gold ETF holdings.
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