Gold Could Gain 30% by Year-End: Fund Manager
The lure of gold is also apparent in the popularity of exchange traded funds or ETFs, which track the underlying asset's performance. The wold's largest gold ETF - the SPDR Gold ETF gained 29 percent last year. However, Davies said ETFs are an inefficient way of investing in gold. "You're buying a paper construct, you're not buying the real deal. So you're exposing yourself to liability, to counter-party risk."