{"id":6826,"date":"2024-04-02T23:57:00","date_gmt":"2024-04-03T04:57:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=6826"},"modified":"2026-02-08T15:33:00","modified_gmt":"2026-02-08T20:33:00","slug":"investors-will-dump-tlt-for-gld","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/investors-will-dump-tlt-for-gld\/","title":{"rendered":"Investors Will Dump\u00a0TLT\u00a0for GLD"},"content":{"rendered":"\n<!-- MOBILE-FRIENDLY WRAPPER -->\n<div style=\"font-family:Tahoma, Geneva, sans-serif; font-size:14px; line-height:1.55; color:#000; width:100%; max-width:100%;\">\n\n  <p style=\"margin:0 0 14px 0; color:#000;\">\n    Since September 21, 2020, the <strong>shares outstanding<\/strong> of\n    <span style=\"color:#f1c40f;\"><strong>SPDR Gold Trust (GLD)<\/strong><\/span> have declined from\n    <strong>437.8 million <span style=\"color:#e74c3c;\">down to<\/span> 287.8 million<\/strong>,\n    a <span style=\"color:#e74c3c;\"><strong>34.26% decline<\/strong><\/span>.\n  <\/p>\n\n  <p style=\"margin:0 0 14px 0; color:#000;\">\n    Over the same period, the <strong>shares outstanding<\/strong> of\n    <strong>iShares 20+ Year Treasury Bond ETF (TLT)<\/strong> have surged from\n    <strong>105.2 million <span style=\"color:#27ae60;\">up to<\/span> 519.6 million<\/strong>,\n    a <span style=\"color:#27ae60;\"><strong>393.92% increase<\/strong><\/span>.\n  <\/p>\n\n  <!-- IMAGE 1 -->\n  <div style=\"margin:0 0 14px 0; text-align:center;\">\n    <img decoding=\"async\"\n      src=\"https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2026\/02\/gldtltsharesoutstandingcomparison.jpg\"\n      alt=\"Shares outstanding comparison: GLD vs TLT\"\n      style=\"display:block; width:100%; max-width:700px; height:auto; margin:0 auto; border:0; outline:none;\"\n    \/>\n  <\/div>\n\n  <p style=\"margin:0 0 14px 0; color:#000;\">\n    During this same time period,\n    <span style=\"color:#f1c40f;\"><strong>GLD<\/strong><\/span>\n    <span style=\"color:#27ae60;\"><strong>gained 17.47%<\/strong><\/span> while\n    <strong>TLT <span style=\"color:#e74c3c;\">declined by 43.94%<\/span><\/strong>.\n  <\/p>\n\n  <!-- IMAGE 2 -->\n  <div style=\"margin:0 0 14px 0; text-align:center;\">\n    <img decoding=\"async\"\n      src=\"https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2026\/02\/performancegldvstlt.jpg\"\n      alt=\"Performance comparison: GLD vs TLT\"\n      style=\"display:block; width:100%; max-width:700px; height:auto; margin:0 auto; border:0; outline:none;\"\n    \/>\n  <\/div>\n\n  <p style=\"margin:0 0 14px 0; color:#000;\">\n    Where will <span style=\"color:#f1c40f;\"><strong>gold<\/strong><\/span> be trading when\n    <strong>investors <span style=\"color:#e74c3c;\">dump<\/span> TLT<\/strong> and begin\n    <span style=\"color:#27ae60;\"><strong>rapidly loading up<\/strong><\/span> on\n    <span style=\"color:#f1c40f;\"><strong>GLD<\/strong><\/span>, sending the\n    <strong>shares outstanding<\/strong> of\n    <span style=\"color:#f1c40f;\"><strong>GLD<\/strong><\/span> to\n    <span style=\"color:#27ae60;\"><strong>new all-time highs<\/strong><\/span>?\n  <\/p>\n\n  <p style=\"margin:0 0 14px 0; color:#000;\">\n    <span style=\"color:#f1c40f;\"><strong>GLD<\/strong><\/span> <strong>ownership<\/strong> is\n    <span style=\"color:#27ae60;\"><strong>strongly correlated<\/strong><\/span> with interest in\n    <span style=\"color:#f1c40f;\"><strong>gold mining \/ exploration stocks<\/strong><\/span>.\n  <\/p>\n\n  <p style=\"margin:0 0 14px 0; color:#000;\">\n    Many <span style=\"color:#f1c40f;\"><strong>gold mining \/ exploration stocks<\/strong><\/span>\n    will be trading <strong><span style=\"color:#27ae60;\">1,000%+ higher<\/span><\/strong> when\n    <strong><span style=\"color:#f1c40f;\">GLD<\/span> ownership<\/strong>\n    <strong><span style=\"color:#27ae60;\">surpasses<\/span> 437.8 million shares<\/strong>.\n  <\/p>\n\n  <p style=\"margin:0; color:#000; font-size:13px;\">\n    <em>\n      Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide\n      investment advice. Always do your own research and make your own investment decisions. This message is meant for\n      informational and educational purposes only.\n    <\/em>\n  <\/p>\n\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Since September 21, 2020, the shares outstanding of SPDR Gold Trust (GLD) have declined from 437.8 million down to 287.8 million, a 34.26% decline. Over the same period, the shares outstanding of iShares 20+ Year Treasury Bond ETF (TLT) have surged from 105.2 million up to 519.6 million, a 393.92% increase. During this same time [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6829,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[245,28,9],"class_list":["post-6826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-bonds","tag-etfs","tag-gold"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/6826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=6826"}],"version-history":[{"count":1,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/6826\/revisions"}],"predecessor-version":[{"id":6830,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/6826\/revisions\/6830"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/6829"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=6826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=6826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=6826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}