Not All Gold ETFs Are Created Equal [View article]
David Morgan has been on the internet and Jim Popluva's show a thousand times as have other precious metal spokesmen. When you purchase these ETFs you are bying a share in that ETF, there is no physical possession. The only way you get to actually own Gold or Silver is to purchase it in the form of coins or bars, etc., Many of these ETFs cannot even proove they have physical possession of the Gold or Silver that they claim. Nothing wrong with some of the ETFs, you just have to be aware that when you buy them you're not owning bullion or anything else physical.
Are Gold ETFs Set for Another Spike as Inflation Fears Rise? [View article]
You cite impressive facts and cute looking charts, but because of the lack of real ownership of physical gold and the fact that as stocks these gold and other precious metal ETFs have gone basicly nowhere in price movement, why bother with any of this highly questionable 'paper stuff'!
Your data give an entirely wrong impression. Gold has been in a steadily inclining bull pattern over that last several years. The dollar is holding up only because it is the world reserve currency and that may not last much longer. A great majority of the world's holdings are in the dollar and the Euro is having problems because of the economic conditions in Europe. All of China, Japan, and Russian ownership of American debt involve the dollar.
Gold being imported or exported in India does not change the fact that for over several thousand years gold has been both an intrinsic value and medium of exchange. Nations that have devalued their currency and followed the fiat path have collapsed without exception except perhaps this country, so far that is!
Go to Google and check out Mr. Alan Greenspan's paper on "The Gold Standard and Freedom" you might learn something!
Not All Gold ETFs Are Created Equal [View article]
a thousand times as have other precious metal spokesmen. When
you purchase these ETFs you are bying a share in that ETF, there is no physical possession. The only way you get to actually own Gold or Silver is to purchase it in the form of coins or bars, etc., Many of these ETFs cannot even proove they have physical possession of the Gold or Silver that they claim. Nothing wrong with some of the ETFs, you just have to be aware that when you buy them you're not owning bullion or anything else physical.
EDT
Chicago, Illinois
Are Gold ETFs Set for Another Spike as Inflation Fears Rise? [View article]
of the lack of real ownership of physical gold and the fact that
as stocks these gold and other precious metal ETFs have gone
basicly nowhere in price movement, why bother with any of this
highly questionable 'paper stuff'!
EDT
Chicago, Illinois
Why Gold Is Overpriced [View article]
Your data give an entirely wrong impression. Gold has been in a
steadily inclining bull pattern over that last several years. The
dollar is holding up only because it is the world reserve currency
and that may not last much longer. A great majority of the world's
holdings are in the dollar and the Euro is having problems because
of the economic conditions in Europe. All of China, Japan, and
Russian ownership of American debt involve the dollar.
Gold being imported or exported in India does not change the fact that for over several thousand years gold has been both an intrinsic value and medium of exchange. Nations that have devalued their
currency and followed the fiat path have collapsed without exception
except perhaps this country, so far that is!
Go to Google and check out Mr. Alan Greenspan's paper on "The
Gold Standard and Freedom" you might learn something!
EDT
Chicago, Illinois