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Australia Is Cashing In On Gold ETFs

TedTed
in The Bullpen
FYI: The party in gold exchange-traded funds is raging so hard that the Australian government is trying to crash it.

With holdings in gold-backed ETFs at the highest level since 2013, New York Stock Exchange Arca Inc. is seeking to list the Perth Mint Gold ETF Trust, according to a U.S. government filing. Gold Corp., a Western Australian state government-owned entity, will store the fund’s gold and facilitate transfers, including shipments, according to the filing. Oklahoma City-based Exchange Traded Concepts will be the administrative sponsor.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-01-23/insatiable-appetite-for-gold-backed-etfs-lures-australia-mint?srnd=etfcenter
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