The World Gold Council stated that inflow into gold back ETFs and other such products was pegged at 361 metric tons in 2010. The gold industry trade group also revealed that total holding had reached 2167 metric tons valued at $98 billion by end of the year.
Gold is a universal favorite in times of economic downturn. Gold backed ETFs enable investors to benefit from rising prices and protect them from the drastic loss that can occur in event of creation of a gold bubble.
January 27, 2011 by ETF.com
