The term Gold ETF means Exchange Traded Fund and is traded only on the major stock exchanges in the world. In the U.S, the American Stock Exchange works as the regulatory body while NYSE, and NASDAQ have the permission to trade EFTs. When someone buys a Gold ETF, he is investing in collective companies, rather than a single company. There are 916 ETFs listed in the U.S. As of September 2010 these EFTS booked $882bn in combined assets, which in $189bn more than the same period last year. This data signifies that Gold ETFs had passed a good year in 2010. SPDR Gold Trust, Market Vectors Gold Miners ETF and ProShares Ultra Gold were among the popular venues for trading gold. Gold ETF passed a good year in 2011 and expected to continue the run in 2011.
Glad to hear that gold is expected to continue a good run in 2011. I can see why gold did better than silver and platinum. I would much rather have gold.
