ETF investors displayed an overwhelming preference for gold even though its 7.1-percent gain for the year meant that it underperformed its precious metal peers — silver, platinum and palladium — which gained 9 percent, 9.9 percent and 7.5 percent respectively.“Gold is special,” Brooks explained. “ETF investors in gold tend to focus very much on the big structural issues. They are less affected by short-term news. They don't really care if the FOMC [Federal Open Market Committee] is talking about the possibility of ratcheting back on quantitative easing at the end of 2013. They are really focused on the fact that US debt is growing and that the US doesn't yet seem to have a plan to deal with the debt issue in a serious way.”
Gold: King Of Commodity ETFs In 2012
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