NEW YORK ( TheStreet) -- Precious metals have become a major region of interest for ETF fund sponsors. Since its introduction in late 2004, the physically based SPDR Gold Shares (GLD) has taken off in popularity, gathering over $60 billion in assets, making it the second largest ETF in the world.
Over the ensuing years, the success of this fund has been noticed by large and small providers. Many, attempting to profit from interest in this corner of the market, have launched their own funds designed to offer ways to gain access to these shiny resources.
While some firms, like Global X and Market Vectors, have opted to take the equity-based route with miner funds like the Global X Silver Miners ETF (SIL) and Market Vectors Gold Miners ETF (GDX) respectively, others have chosen to use futures contracts or physical stockpiles to provide investors with direct access to their desired metals.
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