ETFS Physical Swiss Gold Shares (SGOL) AUM exceeds $500M as Gold price reaches new highs

USD Gold price reached $1250 Oz.

The press release is quoted as saying:

ETF Securities USA LLC (ETFS) announced today that the total assets under management of its ETFS Physical Swiss Gold Shares (SGOL) passed the $500 Million mark as of June 8, 2010. In the opinion of ETF Securities, recent flows into SGOL have largely been driven by investors’ lack of confidence in paper currencies coupled with an increasingly uncertain economic outlook.

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