The Gold ETF launched on Nov 18, 2004. The spot price of gold was $444.30/oz.
24 hours after the launch of the gold ETF... the price of gold was lower. ($443.70/oz)
24 days after the launch of the gold ETF... still lower. ($436.95/oz)
24 weeks after the launch of the gold ETF... even lower. ($430.50/oz)
24 months after the launch of the gold ETF... the spot price of gold was $624.00/oz.
For those of you wondering why the price of BTC is lower at the moment... 1) relax. 2) Zoom out.
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