Gold ETF Assets Top $38 Billion Worldwide

As of April 1, the value of gold held by products in World Gold Council-backed ETFs stood in excess of $38 billion, equivalent to 1,304 tonnes of gold.

The World Gold Council’s family of Exchange Traded Gold products are now listed on 13 stock exchanges around the world and include market leader SPDR Gold Shares (GLD).

Exchange Traded Funds are the newest way of investing in gold, enabling the metal to be traded in the form of a security on a stock exchange.

By design, this form of securitised gold investment is expected to track the gold price almost perfectly. Unlike derivative products, the securities are 100% backed by physical gold held mainly in allocated form.

The World Gold Council is a global advocate for gold and is funded by the world’s leading gold mining companies.