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A Little More Gold for the GLD ETF


John Paulson and George Soros have prompted other investors to buy shares of GLD, causing some 15 tonnes to be added to the trust in recent weeks.

After learning of some big increases in the gold holdings of billionaires John Paulson and George Soros earlier this week as noted here, other investors are now also buying shares of the SPDR Gold Shares ETF (GLD) causing some 5.4 tonnes of the metal to be added to the trust just yesterday with a total of 15 tonnes added in recent weeks as shown in the right-most portion of the graphic below.

Of course, at 1263 tonnes, the GLD ETF holdings are still down from the mid-2010 high of 1320 tonnes (at which time, the gold price was about $400 an ounce lower), however, all that could change very quickly.

Twitter: @timiacono
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