Wikinvest Wire

A few more tonnes for the GLD trust

Wednesday, March 03, 2010

It wasn't much, but yesterday's addition of 4.6 tonnes of gold to the "tonnes in the trust" at the world's most popular gold ETF - SPDR Gold Shares (NYSE:GLD) - was the largest one-day addition since the middle of December.
IMAGE As compared to last year at this time, there's not much happening with the GLD inventory these days. Recall that during the first few months of 2009 they were adding gold bars like never before - a whopping 350 tonnes during just the first three months of the year.

The inventory is still about 20 tonnes below the all-time high reached last June, however, given what's happened with the gold price in recent days, that could soon change.

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