WSJ Report on GLD's Rising Gold Holdings

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The most-active gold ETF -- called streetTracks Gold Shares, trading under the ticker GLD -- now averages about eight million shares a day in turnover, more even than Google Inc.'s shares, which change hands less than seven million times a day on average.

Gee, the streetTRACKS Gold Shares ETF has more gold than China. Now, where have I heard that before? Yours truly was contacted last week by none other than the Wall Street Journal on the subject of gold in the gold ETF trust and gold in central bank vaults.

...Gold's place in the financial system dates back centuries, but it is enjoying a modern-day renaissance, thanks in part to new vehicles that allow investors to buy and sell the precious metal as easily as a share of Google stock...

Analysts point to the introduction of exchange-traded funds linked to gold as a potent new catalyst for interest in the yellow metal. ETFs trade on exchanges like stocks, but their performance can be tied to almost anything, from the value of commodities to the performance of stock indexes like the S&P 500 index or the Dow Jones Industrial Average.

The most-active gold ETF -- called streetTracks Gold Shares, trading under the ticker GLD -- now averages about eight million shares a day in turnover, more even than Google Inc.'s shares, which change hands less than seven million times a day on average. GLD's underlying holdings of the precious metal are greater than the European Central Bank's or China's central bank.

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