Note to Auric Goldfinger: Gold ETFs to Surpass Fort Knox

If Auric Goldfinger were around today, he’d be raiding gold ETFs, not Fort Knox:

Okay, okay, that’s an exaggeration — but only slight. Fort Knox purportedly contains 4,176 metric tons of gold, which is a little more than three times the amount currently held by gold ETFs. But at the current rate of increase there will be more physical gold held by said ETFs than by Fort Knox sometime in 2012. It’s something Auric would have wanted to know.

[via FT]

Related posts:

1. Fun With ETFs
2. More Fun with Levered ETFs
3. Most ETF Managers Don’t Invest in ETFs
4. Triple-Levered ETFs: Basement Bomb-Building Kits?
5. Gold Rush: They Were All in California That Year