This is sure to drive up price of gold ETFs
derryb
Posts: 36,995 ✭✭✭✭✭
These people just can't seem to get enough gold. this will open the door to investing in American gold ETFs which in turn should drive up their prices. I look for silver to follow.
http://www.market watch.com/story/china-approves-gold-fund-of-funds-2010-11-30[/L]
Won't let me create a link because of the nasty word created by the last letter of "market" and the first three letters of "watch." Remove the space between the two words above and copy and paste for a good read on what could turn out to be a big factor in PM ETF price increases.
http://www.market watch.com/story/china-approves-gold-fund-of-funds-2010-11-30[/L]
Won't let me create a link because of the nasty word created by the last letter of "market" and the first three letters of "watch." Remove the space between the two words above and copy and paste for a good read on what could turn out to be a big factor in PM ETF price increases.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
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OP corrected.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
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If the first funds are fund, er, found, to be bogus, who ends up holding the proverbial bag???????
<< <i>Isn't this story four months old? >>
good news travels slow!
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong