Despite Pause, Investors Are Still Flocking to Gold ETFs
Tuesday, December 22nd, 2009
Tom Lydon (ETF Trends) submits:
After hitting new record highs, the price of gold seems to be stuck on the “pause” button. So why then are investors still flocking to the exchange traded funds that hold the metal?
Gold ETFs are touted for their ease of trading and low expenses, giving them a go-to allure for investors who prefer not to hold any actual physical gold. Even investors who normally wouldn’t buy gold are doing so, thanks to the advent of gold ETFs, reports Heather Struck for Forbes. [Where are gold ETFs going to go in 2010?] What gives?
