Gold ETFs Lose Luster As Hedge Funds Pare Bets | Page 2 of 2 | ETF Trends

Nevertheless, some gold observers hold onto the long-term merits of investing in gold, especially when inflation begins to rise in a growing economy.

“We expect that as the economy recovers, which is the reason they’re tapering, inflation will come back,” Tom Winmill, a manager for Midas Funds, said in the article. “The long-term outlook is exceedingly bullish for gold.”

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Max Chen contributed to this article.