Miner Company
GLD: My Second-Largest Portfolio Position, On Path To Become My Largest Holding
SPDR Gold Shares ETF remains a buy, with long-term fundamentals intact despite recent price volatility. GLD has delivered nearly a 10-fold return since inception and currently holds over $174 billion in assets backed by 1,080 tonnes of gold. Recent retail weakness in physical gold sales is offset by robust ETF inflows and continued central bank gold buying.
Tickers: GLD
SPDR Gold Shares ETF remains a buy, with long-term fundamentals intact despite recent price volatility. GLD has delivered nearly a 10-fold return since inception and currently holds over $174 billion in assets backed by 1,080 tonnes of gold. Recent retail weakness in physical gold sales is offset by robust ETF inflows and continued central bank gold buying.