Individual investors are still buying up gold bars and coins to keep physical assets in gold without the risk of losing capital. In 2013, sales of gold coins grew to 502,000 ounces from 116,200 ounces from one year ago, during the same time period. [Gold ETFs Plunge and Part Ways with the S&P 500]
The gold coin craze is taking place across borders, with Great Britain and Australia experiencing record sales.
Other physically-back gold ETFs include:
SPDR Gold Shares
Tisha Guerrero contributed to this article.
Full disclosure: Tom Lydon’s clients own GLD.