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ETF Streettracks Gold Trust

Symbol	Last Trade 10:28 18 Oct	Change	Volume
GLD	58.82	+0.17 (+0.29%)	1,575,800

Gold going up due to North Korea, China foreign reserves.

 

GLD is top loser today....

 

If cannot use CPF OA to buy (unlike STI ETF), then i don't think the volume will be there.

 

on SGX they are listed under GLD 10 US$. On NYSE listed under GLD.

 

How to buy this counter ? what is their trading code ?

 

Investing in gold is made easy through ETF Streettracks Gold Trust. Now trading on SGX. Graph below shows price in USD over the past year. Now trading around USD59.- Price of gold is predicted to go up in 2007. China is expected to put more of the country's reserves in Gold. Foreign Exchange Reserves, now at nearly $800 Billion at the end of 2005 and expected to approach $1,000 Billion this year. Now the price of gold is relatively low as compared with the USD70 reached in May 06. Investing in the ETF Streettracks could be a good investment with low risk. Price could easily go up with 20 - 30%. On the downside price will stay around USD57.-. Think about it. Which stock at this time could give you more then 5-10%.