To: dennisw
No way do they physically control the amount of gold that corresponds to what investors have put into those funds.I see articles lauding the GLD ETF for always keeping almost 100% of the gold represented by the stock. Why do you doubt them?
To: Golddigger3; dennisw
I see articles lauding the GLD ETF for always keeping almost 100% of the gold represented by the stock. Why do you doubt them?HISTORY!
67 posted on
01/23/2009 7:05:30 PM PST by
Travis McGee
(www.EnemiesForeignAndDomestic.com)
To: Golddigger3; Jack Black
Go buy GLD ETF
Just be careful because in a real crunch they can’t deliver. My opinion is that if a wave of redemptions (I want my money) hits them then they cannot deliver
But if you own gold directly with no intermediary you are in the best position. This means gold and silver buried in your back yard or in a safe deposit box .... you get the idea
96 posted on
01/24/2009 2:42:32 AM PST by
dennisw
(Meshuggah Muhammad put the following words in the mouth of his sock puppet deity...................)
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