However, there is a big difference between these two investment vehicles. Look at the charts below:
Green bars depict monthly flows of gold and red lines depict cumulative gold flows.
It is easy to spot that this year investors participating in IAU were accumulating gold (the up sloping red line) while those using GLD were doing the opposite (and as of August 21 GLD reported a year-to-date outflow of gold).
Now the question is: which gold vehicle gives more reliable signals - IAU of GLD?
Diciamo che è stato Luglio a modificare i due grafici . Per qualche ragione sconosciuta, dovuta a mio parere alla manipolazione del prezzo dell'oro, da GLD sono usciti una montagna di lingotti.
ReplyDeleteOttimo ! Digressioni semplici è tornato ad essere automaticamente tradotto in tutte le lingue dal traduttore automatico.
ReplyDeleteAlberto,
DeleteThat was my intention...Enjoy