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Home > BlackRock stops issuing shares in gold ETF as demand explodes

BlackRock stops issuing shares in gold ETF as demand explodes

Submitted by cpowell on Fri, 2016-03-04 10:57 Section: Daily Dispatches

10:54a ET Friday, March 4, 2016

Dear Friend of GATA and Gold:

Zero Hedge reports that BlackRock has suspended issuing shares in its gold exchange-traded fund because demand for real metal is outstripping supply:

http://www.zerohedge.com/news/2016-03-04/blackrock-suspends-gold-etf-iss... [1]

BlackRock's own statement is posted at Business Wire here:

http://www.businesswire.com/news/home/20160304005402/en/Issuance-IAU-Gol... [2]

Zero Hedge observes: "It appears the huge demand for physical gold (and lack of supply) is finally catching up with the manipulation of paper prices."

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org [3]



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Source URL: https://gata.org/node/16247

Links
[1] http://www.zerohedge.com/news/2016-03-04/blackrock-suspends-gold-etf-issuance-due-demand-gold
[2] http://www.businesswire.com/news/home/20160304005402/en/Issuance-IAU-Gold-Trust-Shares-Temporarily-Suspended
[3] mailto:CPowell@GATA.org
[4] http://www.gata.org/node/173
[5] https://www.goldbroker.com/
[6] http://asia.minesandmoney.com/
[7] http://www.mininginvestmentasia.com/
[8] http://www.goldrush21.com/order.html
[9] http://gata.org/tshirts
[10] http://gata.org/node/wallstreetjournal
[11] http://www.gata.org
[12] http://www.gata.org/node/16