Creator of Gold ETFs Predicts Another Decade of Growth, Reports Gold Coin

Share Article

The man who put the first physically-backed gold exchange-traded fund (ETF) on the market ten years ago sees the next ten shining just as bright for the yellow metal, reports America’s Gold Coin Superstore, Gold Coin.

Gold Coin

Gold Coin

There seems to be a trend towards investors wanting to physically own the gold they purchase, which is the safest way to go. In times of economic uncertainty, physical gold protects wealth like no other investment.

Graham Tuckwell, founder of ETF Securities, the world’s first exchange-traded fund (ETF), is forecasting that gold has another decade of growth in its future. He made his prediction on the ten year anniversary of the launch of the world’s first ETF. Tuckwell states that gold’s bull run is not yet over, and that the large outflows that ETFs have been experiencing over the last couple of months have been done by short hands with “shorter-term tactical views.” He cites upcoming increased demand and broadening access to ETFs in China and elsewhere in Asia as one of the biggest factors in gold’s continued success.

“While the larger investors in these markets can already buy gold ETFs on other exchanges,” he said, “smaller investors want to buy on their local exchange. Currently, these products are not widely available in these regions, and the demand is growing.”

Arthur McGuire, Vice President of Gold Coin, says, “Tuckwell is right in his prediction, as well as his diagnosis of ETF outflows as being short-term symptoms that don’t reflect gold’s long-term performance. Demand in Asia is set to explode. Just yesterday, there was news of Vietnam broadening its gold market by expanding its supply of bullion. What he didn’t mention is that while ETFs have been seeing record outflows, sales of gold bullion bars and coins have been increasing. There seems to be a trend towards investors wanting to physically own the gold they purchase, which is the safest way to go. In times of economic uncertainty, physical gold protects wealth like no other investment.”

Gold Coin (GoldCoin.net) is America’s Gold Coin Superstore with over two decades of experience advising household investors on smart physical gold and silver investments and gold coin IRA and 401k plans. They buy and sell all types of gold, silver and platinum coins and offer free delivery directly to your door. For more information or a free “Gold Coin Starter Kit,” visit http://www.goldcoin.net or call 1-800-425-5672 today.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Arthur McGuire
Gold Coin
1-800-425-5672
Email >
Visit website