Gold is on a record bull run, up from $328 in 2002 to $1,375 an ounce today. What caused that steep rise wasn’t any inherent increase in gold’s value to society, but a clever marketing scheme that allowed it to be traded easily without the hassle of physical delivery: The SPDR Gold ETF.
Continue reading Why Gold Is Up 420%: Investors Swallowed the SPDR Gold Trust
Why Gold Is Up 420%: Investors Swallowed the SPDR Gold Trust originally appeared on DailyFinance on Mon, 20 Dec 2010 10:05:00.