It used to be the case that buying and selling physical gold was a cumbersome process. Now in the age of the ETF it has become infinitely more simple. Now gold trades like any other asset. The symbol, GLD, has become short hand for trading gold. As traders and hedge funds have embraced this process it has made gold trade more and more like every other financial asset. In today’s screencast we talk about how digital gold is a far cry from its bar-bound antecedent.
Posts mentioned in the above screencast:
On the ETF-ization of everything. (Abnormal Returns)
The art of reading 13-F filings. (Abnormal Returns)
Daily chart of GLD. (Finviz)