“When people see dips in silver, they are going to get in,” Terry Hanlon, President of Dillon Gage Metals, in a Bloomberg report. “There are more fund managers who are pulling out of the ETFs and buying physical metals, which is a new trend. They want a product they can liquidate quickly and in increments they want. People do feel comfortable being in control over storing the product.” [Could Gold ETFs Worsen a Price Decline?]
SPDR Gold Shares
Tisha Guerrero contributed to this article.
Full disclosures: Tom Lydon’s clients own GLD and SLV. John Spence owns ZSL.