“The ETFs are appealing because they are an investment product as opposed to a physical product,” Nolan Watson, president and chief executive officer of Sandstorm Gold Ltd., said in the article. “If you buy ETF shares, you don’t have to hide them under your mattress or bury them in your back yard.”
“There is continuing strong demand for gold ETFs as investors seek to protect their wealth against erosion caused by [quantitative easing]and currency debasement,” Marcus Grubb, managing director of investment for the World Gold Council, said in the article.
For more information on gold, visit our gold category.
Max Chen contributed to the article.
Full disclosure: Tom Lydon’s clients own GLD.