ETF Investors are Number 7 in Gold Ownership

Financial Times Javier Blas reports that ETF investors now own over 1,000 tons of gold bullion making the group the seventh largest holder of the world’s gold reserves.

In the article ETFs Build up Hoard of Gold, Blas notes that only the US, Germany, the IMF, Italy, France and Switzerland hold more gold than ETF investors.

The largest gold ETF is SPDR Gold Shares (GLD) which manages over $21 billion of assets and is designed to reflect the performance of the price of gold bullion, less expenses.

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