“Any limitation of people’s right to invest is effectively a confiscation of assets.”
What is taxation? What are taxpayer bailouts? What is inflation? What is changing the rules in the middle of a game?
If the holdings in UNG are so market spoiling, how come UNG is at extremely low prices? Evidently the hoarding on gas has not driven up the prices.
I like these ETF’s, it is one way that the small inwestor can play the market safely and in a way that he can understand.
The GLD etf has also not managed to drive up the price of gold in the last year or so..in spite of lots and lots of celebrity advertising.
There is a bigger problem of selling inverse index ETF’s to the public. I understand that some brokers will not longer do this in managed accounts.
Just heard that last night from Wells Fargo wealth management people who hosted us at their box for the Padres win over ST. Louis. Great way to see baseball.