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Barclays is back in precious metals offering no-fee ETN for gold and silver

From kitco.com

More than three years after exiting the gold market, Barclays is back, offering the first-ever no-fee exchange traded notes for gold and silver. Making the announcement Monday, the London Bank said that its iPath Gold ETNs (NYSE: GBUGS) and iPath Silver ETNs (NYSE: SBUGS) offer investors exposure to commodity futures by tracking the performance of two Barclays indices: the Barclays Gold 3 Month Index Total Return and the Barclays Silver 3 Month Index Total Return. “By creating the first no-fee ETPs to track the gold and silver market, we are building on our pioneering reputation by delivering a product that we ... (full story)

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