Gold ETFs set to boom next year

Investment in gold exchange traded funds (ETF) will rocket in 2011, according to one economic forecast, which could have implications for those with private wealth.

The study by Commodity Online Bullion Research revealed China and India will lead the way in the buoyant gold ETF market and should attract large amounts of finance.

Previously, China had not been involved in the sector but that is about to change with the country set to launch its first fund, while India has eight gold ETFs - all of which are currently outperforming stocks - the survey stated.

The analysis went on to predict the number of equivalent funds in silver and other commodities will rise as the popularity of gold heads upward.

"With emerging markets all set to lap up gold ETFs, the investment in exchange traded funds in commodities is looking bright for 2011," the report added.

Jay Taylor at financial website Jutia recently predicted the price of gold and silver looks set to rise dramatically in 2011.ADNFCR-2318-ID-800298431-ADNFCR