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September 25, 2017

Why are gold investors getting antsy now?

By STAN CHOE
AP Business Writer

NEW YORK — In a world where nearly every investment is rising, so is gold. But a big part of why many investors are buying gold is that they're worried those other investments, such as stocks and bonds, are due for a drop.

Will Rhind is a former executive at the largest exchange-traded fund backed by gold bars, SPDR Gold Shares. He recently started a rival ETF, GraniteShares Gold Trust, and talked about what's been behind this year's 13 percent rise for gold. If that performance holds, it will be the best year for gold since 2010. Answers have been edited for clarity and length.


 
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