The Commodity Conundrum: Securitization and Systemic Concerns (Part III) [View article]
I would be wary buying commodity ETF/ETNs that use swaps instead of the actual future contracts.
I think DBA/B/C series uses the actual future contracts. GLD should also be backed up by actual gold locked up somewhere in a HBC vault in London, although nobody has ever done an audit of it.
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I would be wary buying commodity ETF/ETNs that use swaps instead of the actual future contracts.
May 01 14:01 pm
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All Comments by mkreisel »The Commodity Conundrum: Securitization and Systemic Concerns (Part III) [View article]
I think DBA/B/C series uses the actual future contracts. GLD should also be backed up by actual gold locked up somewhere in a HBC vault in London, although nobody has ever done an audit of it.