by Ronan Manly
Bullion Star
The SPDR Gold Trust (GLD) is by far the largest gold-backed Exchange Traded Fund (ETF) in the world, and is listed on NYSE Arca, as well as listed on the Tokyo, Hong Kong, Singapore and Mexican stock exchanges.
With 1275 tonnes of gold bars ‘claimed’ to be held in a secretive HSBC vault in London, England, GLD is not short of controversy as to its inner workings (e.g. GLD holds large amounts of gold bars at the Bank of England), but still, this ETF is surprisingly popular with well-known and sophisticated hedge fund investors who use GLD for exposure to the USD dollar gold price.