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<p>(ETFs) began to feature commodities in 2003. Gold ETFs are based on "electronic gold" that does not entail the ownership of physical bullion, with its added costs of insurance and storage in repositories such as the <a href="page.php?w=London_bullion_market">London bullion market</a>. According to the <a href="page.php?w=World_Gold_Council">World Gold Council</a>, ETFs allow investors to be exposed to the gold market without the risk of price <a href="page.php?w=volatility_%28finance%29">volatility</a> associated with gold as a physical commodity.</p><p>
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