As gold surges to new record highs and the popularity of physically backed gold ETFs continues to grow, CNBC’s Bob Pisani brings us a fascinating look inside the London vault where the gold backing the world’s largest ETF is held. Conspiracy theorists have claimed that the most popular gold ETF, the SPDR Gold Trust (GLD), doesn’t actually own or hold physical gold. Hopefully, Mr. Pisani’s journey inside the GLD vault will alleviate any concerns investors may have and conspiracy theorists can focus their attention on something with a little more substance.
A Rare Look Inside the SPDR Gold Trust Vault
- by Nate Geraci
Nate Geraci
Nate is President of NovaDius Wealth Management, a registered investment advisor providing clients with comprehensive financial planning and portfolio management. Previously, Nate helped launch The ETF Store, an investment advisory firm specializing in Exchange Traded Funds.
He is the creator and host of the weekly podcast ETF Prime, which Bloomberg has called one of the “most helpful plain-English resources for investors who want to demystify exchange-traded funds”.
He is creator and Host of Crypto Prime, which features interviews with top experts from around the world on bitcoin, crypto, NFTs, and the entire web3 ecosystem.
Nate is also Co-Founder of The ETF Institute, the first and only independent organization providing ETF industry professionals and financial advisors with certification, education, and training pertaining to ETFs.