Insatiable appetite for gold-backed ETFs lures Australia mint

The party in gold exchange-traded funds is raging so hard that the Australian government is trying to crash it. With holdings in gold-backed ETFs at the highest level since 2013, New York Stock Exchange Arca is seeking to list the Perth Mint Gold ETF Trust, according to a US government filing. Gold Corp, a Western Australian state government-owned entity, will store the fund’s gold and facilitate transfers, including shipments, according to the filing. Oklahoma City-based Exchange Traded Concepts will be the administrative sponsor.