Gold and Silver ETF Hold Steady Through Market Turmoil
Filed under: Business, News | By: Roy
Posted on: August 21, 2007 | No Comments
Recently, there has been a fair amount of fear in the financial markets, resulting in a sharp sell off in the stock market which dragged indices such as the DOW, the NASDAQ and the S&P 500 significantly lower.
However throughout this time, the gold and silver ETF (Exchange Traded Fund) have remained steady with no large volume of sellers flocking to the door.
Silver analyst Sam Kirtley of The Silver Prices Newsletter said: “During the bad time in the mainstream markets, gold and silver do well as investors move to investments such as the silver ETF to protect their wealth. If you believe, as we do, that the worst is yet to come in the financial markets, then things such as the silver ETF as well as physical silver bullion and silver stocks, may be a smart investment.”
Do you think the Silver ETF is a good place for your money while the market is in trouble?
Will the silver ETF continues to provide a safe haven for investors?
Which is better, silver bullion or the silver ETF?
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