SPDR Gold Trust (GLD)

[Will Munny]

The annual world demand for gold in 2010 was just shy of 4,000 tonnes (mind you there are 35,273.9619 ounces in a tonne). Total world demand for gold is up 9-10% year over year (YoY), the investment dynamics point to a shift from electronic exposure to physical bullion and the value of the gold demand in dollars increased 38%. A YoY decrease of 45% for OTC and stockflows (like GLD) and an increase in physical bar investment of 56% shows that investors are fleeing the derivatives and getting physical.

Hmm...