As the world's second-largest exchange-traded fund, and sixth-largest holder of gold bullion, the GLD gold ETF has grown into a juggernaut. GLD's mounting popularity among stock-market investors and speculators has made it one of the most powerful forces in the global gold markets. This ETF's success is all the more remarkable considering it was born just 5 years ago, its rise to prominence has been meteoric.
With GLD's large and growing impact on gold prices, no trader can afford to ignore this behemoth. So it is watched with intense interest, creating a fertile breeding ground for GLD conspiracy theories to flourish. A small yet surprisingly prolific fringe of GLD opponents has done an impressive job sowing rumors and doubts about this trading vehicle. Each time I discuss GLD in my writings, I hear about these theories. (more)
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