Let's get physical - what's backing your gold ETFs?

Let's get physical - what's backing your gold ETFs?

Reader feedback and online traffic statistics tell us that just about anything we publish on the subject of gold attracts plenty of interest. But why is this so? After all, you would imagine that everything that ever will be discussed on the subject has already been covered. It’s not as if its metallic properties have mysteriously altered, or that alchemists have finally worked how to transmute base metals. Nor are we likely to witness any sudden surge in global production volumes - these have edged up at an average rate of 2.3 per cent over the past 10 years despite renewed demand from central banks.

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