By Frik Els
MINING.com
Gold bullion holdings in the world’s more than 140 gold-backed ETFs hit a record 2,632 tonnes or 93 million ounces in December 2012.
During the first seven months of this year outflows totalled some 670 tonnes with more than 400 tonnes recorded in the second quarter following the spectacular collapse in the price of gold.
After burning a $60 billion hole in gold investors pockets, only in August did the selling stop.