Resource Investor - Blog - StreetTracks adds nearly 30 tonnes in two weeks

Resource Investor - Blog - StreetTracks adds nearly 30 tonnes in two weeks:

"StreetTracks adds nearly 30 tonnes in two weeks
By Jon Nones 07 Sep 2007 at 04:50 PM

Thus far, the StreetTRACKS Gold Trust ETF [NYSE:GLD] has inhaled nearly 30 tonnes of gold over the last two days and over 500 tonnes since its inception, making it the 10th largest holder of gold in the world behind the Chinese central bank. The fund currently has nearly 550 tonnes in trust representing a value of about $12.4 billion. RI noted in early-August, GLD’s gold holdings broke a new record at 506.7 tonnes. This marks a drastic turnaround from mid-May, when the fund lost nearly 17 tonnes in two days to hit a low 469.15 tonnes."