GOLD EXCHANGE-TRADED FUNDS (ETFS)
mid-2000s as a means to drive gold demand, few i magined just what an impact these products would have. more like it, have facilitated, encouraged and resulted in an enormous and highly efficient way to invest in physical gold, something that was quite difficult to do previously. synonymously interchangeable in the minds of investors, and widely owned both institutionally and by private investors alike. gold in its rightful and important place as an institutional investment and asset class, something that has always existed
initiative and few thought that
gold equity business that they have. Gold its status in the minds of most gold investors from the go-to gold investment to merely a peripheral investment. companies demonstrated a hopeless inability to turn a higher gold price into commensurately higher profits per share.
In addition, because they are more volatile (risky), investors went to physical gold in preference. In my mind, the switch away from gold equities did not need to happen and could have sustained a happy symbiotic co-existence if gold companies made more money along the way.