Williams Says ETFs Raise Risk of Gold Bust

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(Corrects to show Thompson is former chairman of the WGC.) Dec. 20 (Bloomberg) -- Mark Williams, master lecturer at Boston University’s finance and economics department, and Christopher Thompson, former chairman of the World Gold Council, discuss the impact of exchange-traded funds on the gold market. SPDR Gold Trust, the biggest ETF backed by bullion, began trading in November of 2004 and has increased investor access to the precious metal. Bloomberg's Carol Massar reports. (Source: Bloomberg)

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