One of the hottest topics in exchange traded funds and the general markets recently has been gold. Bullion has been recovering recently after an extended bear market has depressed prices but headwinds have not subsided as the Fed prepares to raise interest rates.
The biggest gold ETF in assets under management is the SPDR Gold Shares ETF (NYSEarca: GLD). While GLD wasn’t the first gold-backed ETF to hit the global market it has been by far the most successful.
SPDR is the brand that provides GLD to market but the less publicized sponsor of the ETF is World Gold Trust Services.
Tom recently sat down with the managing director of investments for World Gold Trust Services to discuss a few things gold.