Grass Ranger

Is the GLD ETF Really Worth Its Metal?

I dare say that a lot of current holders of GLD don't really care if the "gold" is there. They are using GLD in a trading strategy. It is easy to buy and they expect to sell out at some higher price. After reading other commentary similar to the above, I have sold out my GLD holding and used the proceeds to buy Eagles. I am looking for portfolio insurance, not some speculative instrument in this current turmoil.