Gold Shortage Developing Again?
Where is all the gold in the gold ETF SPDR Gold Trust (Symbol GLD) going, and why? Could we be looking at a developing gold shortage again?
Year to date, actual physical gold inventory in the GLD is down over 30%. Gold inventory in Sprott’s Physical Gold Trust (PHYS) is down only 1.3%. Further, silver inventory in the Silver ETF (SLV) is actually up 3%.
Hmmm… There is certainly a correlation between gold and silver prices. There is certainly a correlation between Spot Gold Prices and GLD’s price per share. And of course there is a correlation between the price per share of GLD and Sprott’s physical fund. This is expected. Oct 20, 2013 http://www.pmbull.com Read More