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Increase in gold investment of Goldman Sash by 39%

Increase in gold investment of Goldman Sash by 39%


Recently, there were published the data of the U.S. Securities and Exchange Commission (SEC) for the inspection of stock exchanges on securities transactions committed by major financial institutions and banks.

According to the results of this report, it is clear what fund is the largest investor of the gold ETF Fund, which increases its income from year to year. The press has repeatedly published the information that the shares of SPDR Gold Trust, the biggest ETF Gold Fund are supported and backed by physical gold.

This year 2014 is no exception either, in the second quarter there were noticeable the dynamics and the movement of capital. John Paulson is the largest investor and shareholder of SPDR Gold Trust. Despite some difficult times for the yellow metal, John Paulson has never changed his priorities on deposits. He always increases his income by investing in this precious metal. According to the latest data, his welfare and income are estimated in 10 million of the Fund shares, which amounts to 1.3 billion of U.S. dollars.

In addition, international banks have also made a number of significant transactions and purchases of shares in the above mentioned fund. Here, for example, the American investment bank Goldman Sachs has increased its income by 39.45% by purchasing 1.58 million of shares of SPDR Gold Trust valued at 200 million of dollars. Besides, the Swiss bank Credit Suisse has also increased its investments in the "gold shares" by 44.69%, which is 2.1 million of shares. Another Swiss bank UBS has increased its investment positions to 29.69% by acquiring 2.47 million of ETF-fund shares.

Hedge funds have also distinguished themselves with their participation in the purchase of securities of the ETF Fund SPDR Gold. For example, Hamel Associates has added to its reserve 3.09 million of shares and CTC LLC purchased 829,204 shares.

As it is seen from this report, in the 2nd quarter of this year there were a lot of purchases of "paper gold". Do you wonder who sold gold and got rid of the shares? There two banks that were mentioned. One of them is a USA Bank JP Morgan which has sold nearly half of its positions in the SPDR Gold Trust, the second one is Morgans Stanley which freed its portfolio by 20% of its shares.

The Emgoldex company and its customers don't cease to grow their gold business by increasing their income on a regular basis. After all, the company has created all conditions and tools for this purpose, and the customers of Emgoldex use them to preserve and multiply their asset.

Category: Gold news      Publication date: 2014-08-28 10:00

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