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GLD Tops $50 Billion

GLD Tops $50 Billion
Mises Wire Briggs Armstrong
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SPDR Gold Trust has surpassed the monumental $50 billion mark in terms of assets (gold).

Recognizing that gold is a long-term investment which may stabilize wealth by mitigating the risk of falls in other asset classes, investors in GLD have made it one of the fastest growing ETFs globally. As of June 25, 2010, assets under management in the trust totaled more than $53 billion, making it the second largest ETF by assets in the world

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