Loading ...I just realized those Funds are following spot, and not retail. So if the managers have to buy Gold as investors buy shares, are they buying from COMEX??? Do they sell on COMEX??
ETF GLD The investment seeks to reflect the performance of the price of gold bullion, less the expenses of the Trustâs operations. The Trust holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trustâs expenses. The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold.
ETF SLV The investment seeks to reflect generally the performance of the price of silver. The Trust seeks to reflect such performance before payment of the Trust’s expenses and liabilities. It is not actively managed. The Trust does not engage in any activities designed to obtain a profit from, or to ameliorate losses caused by, changes in the price of silver.