Additionally, McAvity points out that Asian countries are still buying gold, notably China, which added almost 800 tons between June 2011 and June 2012.
Hedge fund manager John Paulson in a conference call Tuesday said he remains bullish on gold over the next five years, CNBC reports.
Other gold ETFs include:
- ETFS Physical Swiss Gold Shares ETF (NYSEArca: SGOL)
- ETFS Physical Asian Gold Shares ETF (NYSEArca: AGOL)
- iShares COMEX Gold Trust ETF (NYSEArca: IAU)
- Powershares DB Gold Fund ETF (NYSEArca: DGL)
For more information on gold, visit our gold category.
Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own GLD.
Disclaimer: Tom Lydon serves on the Board of Directors of U.S. Global Investors, Inc. (GROW).
