In an environment of high macroeconomic uncertainty in the fall of 2012, Tom Michelson was looking at his next trading prospects. Michelson was speculating how he should go about investing in gold and desired to build a position in gold with a trading horizon of a year.
Gold futures-based exchange-traded funds (ETFs) appeared like a great alternative; however he needed to understand better how gold futures functioned. He was aware that futures-based ETFs for other merchandise such as petroleum and gasoline had disappointing performances in current years due to motions in futures curves. Will a gold futures-based ETF be a better alternative to gain from the purchase price appreciation of gold?
PUBLICATION DATE: April 22, 2013 PRODUCT #: UV6654-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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