The Case For Owning Gold

China's four largest banks: the Bank of China, the Industrial and Commercial Bank of China, the China Construction Bank, and the Agricultural Bank of China are planning to introduce a new gold ETF on mainland China some time during the next three months.

These are huge institutions, and when China's new gold ETF debuts, there will likely be a mad rush by millions of Chinese investors who could find it difficult for them to buy the needed gold all at once and thus have a tremendous impact both on the price of gold as well as its availability in the marketplace.

So what does all this mean to you if a portion of your portfolio is invested in gold such as in GLD, the gold ETF? It means that your investment in gold is doing just fine, and if anything, this is going to be a time to buy even more!

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