Warren Buffett, the world famous investor and Chairman of Berkshire Hathaway noted that “Fiscally, we are in uncharted territory. Because of this gigantic deficit, our country’s ‘net debt’ is mushrooming… no one can know the precise level of net debt to GDP at which the United States will lose its reputation for financial integrity.”
ETF Securities announced that it has launched another First-to-Market ETF product. ETFS Physical Asian Gold Shares (AGOL) is the first US precious metals product to be vaulted in Asia.
The considerable appetite for commodity exchange traded funds (ETFs) is relatively easy to explain, as prior to the launch of these products many investors did not have an efficient and comparatively reasonable means of exposure into the asset class.
ETFs have generated interest among investors, who purchased $277 billion of commodity ETFs and related securities by the end of 2009, attracted primarily to the potential of low costs, stock-like features and relative tax efficiency as well as profiting from exposure to raw materials’ global demand.
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