Sophisse

Defining a Depression

Thanks for the well-thought-out and original thinking. I still hope you're wrong though :)

The Strange Case of Dr. GLD & Mr. Bullion

Tom said: "As for GLD shares held by investors being redeemable into physical gold - they aren't."

Tom - you are incorrect. Read the prospectus, specifically "creation and redemption" on page 3, here: www.spdrgoldshares.com...

Only "authorized participants" can do this, not the ordinary joe who buys some GLD with his schwab account. Authorized participants are professional investors like banks, brokers, hedge funds, etc. By buying GLD, you are trusting those participants to arbititrage any difference between GLD and actual gold, by creating or redeeming shares.

If you can't trust banks, brokers, and hedge funds to want to make money for themselves, then yes you better own your own gold - and keep it under your mattress, because you never know when your local bank - or the government - or the illuminati - will steal the contents of your safe deposit box.

The Strange Case of Dr. GLD & Mr. Bullion

I can't really understand why there is any discussion on this issue. The author's "disconnect" is not there, end of story.

Why is this so certain? Because GLD is supposed to be tied to the physical gold spot price, which you can find in nice graphs here: www.kitco.com/charts/l... . And you can find historical prices for GLD at yahoo here finance.yahoo.com/q?s=... or wherever you like.

So look at them. Is there a discrepency? Answer: no.

I think it is an interesting question of why gold coins are out of stock while at the same time the spot price is down. Perhaps traders are selling while survivalists are buying? I'd be interested in the answer, but it has nothing to do with GLD.

If I'm wrong, please correct me!

The Current Market Atmosphere: Easy Money Hard to Come by

"Removing yourself from the noise" - excellent advice for all.