Gold-backed ETFs holdings hit record highs in September

World Gold Council/10-8-2019

Image of stack of gold bars“In September, global gold-backed ETFs and similar products had US$3.9bn of net inflows across all regions, increasing their collective gold holdings by 75.2 tonnes(t) to 2,808t, the highest levels of all time. Holdings surpassed late 2012 levels, at which time the gold price was near US$1,700/oz, 18% higher than current levels.”

USAGOLD note:  ETFs, as we mention frequently here, is the preferred vehicle among funds and institutions.

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