Gold ETF Market Breaks: BlackRock Suspends ETF Issuance Due To “Surging Demand For Gold”

by Tyler Durden
ZeroHedge.com
03/04/2016

BlackRock’s Gold ETF (IAU) has seen fund inflows every day in 2016 (no outflows at all) and with the stock trading above its NAV for most of the year, the world’s largest asset manager has made a significant decision: It has suspended issuance of Gold Trust shares due to “surging demand for gold.” It appears the huge demand for physical gold (and lack of supply) is finally catching up with the manipulation of paper prices.

The Rest…HERE

This entry was posted on Friday, March 4th, 2016 at 11:40 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.