Gold rush 2020: ETFs now hold more yellow metal than any central bank

Status
Not open for further replies.

TradingFunda

Administrator
Staff member
#1
Total fees for the top 10 gold ETFs, based on current prices and holdings, are about $610 million a year.

Exchange-traded funds backed by physical gold and silver accumulated more than $50 billion of bullion this year. ETFs now hold more gold than every central bank with the exception of the Federal Reserve.

Total fees for the top 10 gold ETFs, based on current prices and holdings, are about $610 million a year, according to a Bloomberg News calculation; while for the top five silver ETFs the figure is around $110 million. Investors have bought more silver through ETFs in the first eight months of the year than was produced by the world’s 10 largest miners combined last year.

Source : Bloomberg
 
Status
Not open for further replies.
Top