Loading ...IMO there is more going on here than meets the eye.
One comment needs to be made regarding yellow highlight below:
Precious Metal ETFs (and maybe all ETFs) were created to CONTROL the gold market – NOT to “facilitate” consumer access to PMs. And they were HUGELY successful in doing just that.
Somethings changed.
MKS’ Nicky Shiels asks if Costco gold is the market’s new ETF moment
[snip] ….While this “Costco” moment may not be the exact equivalent of the early 2000s when the first gold-backed exchange-traded product was first launched, Shiels said that these sales are helping to transform the market.
“The Costco Gold & subsequent media boom has already punched above its raw (fundamental) weight in influencing opinion; it alone is putting Gold as an asset class back on the map for new (that’s the key word here) retail investors,” she said. “Game-changing market moments come’n go. Some are just well-timed, coincidentally, or not. GLD was developed a couple of years after 9/11 and at the start of zero interest rates, easily creating a bigger path for investors to access the metal.