SPDR Gold Trust (NYSE:GLD) continues to increase their holdings at a record level, as each time the add to their physical holdings, they are now breaking a record, although occasionally they do divest of gold for a variety of reasons.
I doubt if we'll see much of that going forward though, as demand for physical gold continues to go up in the face of the devaluing of currencies around the world and potential social unrest, which has already begun in some nations.
For SPDR, they continue to move in step with gold prices, and there was also an increased short interest in the gold ETF in the first half of May, with close to 29 million shares being shorted, up from around 14 million shares from the last reporting period.
Physical holdings in gold as of about 6:50 p.m. EST, stood at 1,267.32 tons, or 40,745,654.26, another all-time record.
The value of the gold at today's gold prices is $48,806,853,742.68.
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