SPDR Gold Trust's gold inventory puts its holdings higher than those of all but five Central Banks (if one includes the IMF) - The U.S., Germany, the IMF, Italy and France. Notably the SPDR holding is now some 266 tonnes more than China's official holding of 1,054.1 tonnes, having passed the Chinese official figure in mid-March last year. Of course many believe Chinese reserves may be far higher with additional gold being held outside the officially reported figure.
I have friends at UK who's interested in gold ETF. I know over here, we have more than 1 gold ETF on top of GLD. Do they have gold ETF in UK, or at least in England?
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http://en.wikipedia.org/wiki/Gold_exchange-traded_fund http://www.londonstockexchange.com/...-search/stock-prices-search.html?nameCode=GBS The GBS gold ETF in London is priced in USD & I believe it's EuroNext verrsion is priced in euros? Which currency do you need it in? GBP or USD? GBS prices basically match GLD.
I didn't realize some1 finally reply. Thank you. I'll them them it's GBS then. They'll be buying options anyway