Deutsche Börse Commodities: Gold Holdings At A Record Level In 2011 - Xetra-Gold Reserve With A Value Of Around €2.1 Billion In Central Vault

The value of gold stored by Deutsche Börse Commodities rose by around 32% in 2011 to €2.1 billion (as at 31 December 2011), thus achieving a new record level. The gold in the central vault well crossed the 50 ton mark in the course of the year. The highest demand for Xetra-Gold was in July and August.
 
“Investors showed an increased interest in gold during the turbulent phases of the market. Xetra-Gold gave them the opportunity to invest simply and flexibly in physical gold and to trade it economically like a share. The bid/ask spread is generally only around 0.1 percent. Every security has a value equivalent to exactly one gram of physical gold. The gold is in safe custody in our central vault and can be delivered at any time,” said Martina Gruber, managing director at Deutsche Börse Commodities GmbH.
 
Since Xetra-Gold launched in 2007, investors have already made use of this physical backing 643 times – a total of 3.4 tons has been delivered from the central vault in Frankfurt to investors' own banks. This only involves fees for packaging, transport and insurance which differ according to the quantity delivered. Delivery normally takes around two weeks. The smallest amount that has been delivered so far was 10 grams, the largest 213 kilograms.
 
Xetra-Gold is by far the best-performing security among the 218 exchange traded commodities (ETCs) available on Xetra. Its annual turnover for 2011 was €3.2 billion. Its annual average share of total order book turnover in the ETC segment was 26.9 percent.