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  • Four Major Developments Gold Investors Should Watch [View article]
    Correct. And It is very easy to find the prospectus, people can just google it. Interesting though, the pdf is a 'picture' of the prospectus... you can't copy and paste the info. So I will type the holding info here:

    "The (GLD) trust holds gold bars and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets"

    They go on to say that HSBC Bank USA is the custodian of the gold and oversees the safekeeping. I would have picked a different company myself... let's just hope they don't tap it to cover their fraud and loan default losses.


    On Sep 15 01:50 PM kohalakid wrote:

    > There is NOTHING in the prospectuses of SLV or GLD that allow them
    > to hold "paper" gold or silver. They are allowed to hold only physical
    > metal.
    > Show me anything in either prospectus that allows what you say they
    > can do.
    Sep 15 15:29 pm |Rating: 0 0 |Link to Comment
  • Four Major Developments Gold Investors Should Watch [View article]
    LOL, they are not passing it out, they are encouraging ownership of it- over cash. Having their citizens holding gold is practically liquid for them. All they have to do is then seize the gold locally, and at will, and give the people cash for it. Great strategy... worked well for the US govt. in the depression and stabilized our finances. At least the Chinese govt. is in tune with reality, wish ours was.


    On Sep 15 11:01 AM DVW wrote:

    > It is a mania! That much I agree with.
    >
    > I can turn on the radio and hear several different commercials trying
    > to sell the public gold, and I see guys out on the street corner
    > to holding up "buy gold" signs. Any gold post on this site attracts
    > tons of bullish comments. It's a certain mania and they make dangerous
    > investments.
    >
    > Interesting-- the China story. They cant buy enough of our treasuries
    > at rotten rates of return. Why cant China get enough low rent dollars
    > despite bad mouthing the buck in public to run it down further? Hummm.
    > Obviously they're expecting a RISE in the dollar and they want in
    > cheaper, otherwise they're screwed.
    >
    > If they thought they might get screwed on the dollar, wouldnt the
    > government be hoarding gold instead of passing it out to the citizens?
    >
    >
    > It doesnt add up.
    >
    > Unless some country decides to go back on the gold standard, gold
    > really has no practical value except for jewelry or a trading vehicle.
    >
    >
    > Be careful with gold!
    Sep 15 15:02 pm |Rating: +2 0 |Link to Comment
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