Gold ETFs reserves, whose shares are backed by the physical precious metal, increased to a record size during the month of February. According to the World Gold Council (WGC), total investments in gold ETFs worldwide have reached $157 billion.
The WGC reports that the reserves of physical gold held by ETFs now amount to 3032.9 tons. This is a new record, corresponding to circa $157 billion. The funds regularly purchase physical gold to back their shares. In February 2020, the reserves increased…
