American Investment Fund Evoke Wealth Llc. in the third quarter I bought shares of the largest ETF-fund in the amount of $ 31 billion, which corresponds to 700 tons of “paper” gold. This fact indicates that there is still huge potential for growth in the gold market.

Private management company Evoke Wealth Llc. invested about $ 31 billion in securities derived from physical gold. The total investment portfolio is $ 895 billion. According to the SEC, in the third quarter of this year, the investment company bought shares of the world's largest ETF-fund SPDR Gold Trust in the amount of $ 31.22 billion, which corresponds to 224.862.000 shares. Each share of the fund is provided with 1/10 troy ounce of physical precious metal. It turns out that the purchase volume amounted to 699.39 tons.

If you take a purchase of gold for $ 31 billion and consider it against the background of the company's overall investment portfolio, then the share of gold in it will be only 3.5%, which is a very small indicator. In any case, this news indicates how great the potential of gold is, especially if large investment companies will shift part of their capital to the precious metals market. It is worth recalling that many years ago it was the influx of large capital in ETF funds that became the main driver of the growth of the world gold price in 2011 to a record high of $ 1920 per ounce.

Now the investment company Evoke Wealth Llc. is the largest investor in the SPDR Gold Trust. Until that moment, it was the American bank Morgan Stanley with 10.8 million shares worth $ 1.5 billion. And he also had almost doubled his investment in gold earlier in the second quarter of this year.