frdm45

Beyond GLD: Four Alternative Gold ETFs

I'm not trying to be alarmist or a conspiracy theorist, just read the GLD prospectus and draw your own conclusions about what exactly you own and you rights associated with it:

Excerpt from the GLD prospectus on page 11:
www.spdrgoldshares.com...
Gold bars allocated to the Trust in connection with the creation of a Basket may not meet the London Good Delivery Standards and, if a Basket is issued against such gold, the Trust may suffer a loss. Neither the Trustee nor the Custodian independently confirms the fineness of the gold bars allocated to the Trust in connection with the creation of a Basket. The gold bars allocated to the Trust by the Custodian may be different from the reported fineness or weight required by the LBMA’s standards for gold bars delivered in settlement of a gold trade, or the London Good Delivery Standards, the standards required by the Trust. If the Trustee nevertheless issues a Basket against such gold, and if the Custodian fails to satisfy its obligation to credit the Trust the amount of any deficiency, the Trust may suffer a loss.

Silver Prices Are About to Fall

Good bull and bear comments for the most part, IMHO. One quote comes to mind:

"It's not pulling back very much. And it's not giving people who haven't yet invested a chance to get in at a lower price.That tends to happen in a bull market; people wait around for a correction, but it never goes down far enough to give people an opportunity to get in at a more favorable price."


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IMF Sells 200 Tonnes of Gold to India for $6.7 Billion

Hmmmm......I just read they bought it at about $1045, seems rather high, why do you think they'd rather pay up than buy on a dip......do you reckon they think there will be a physical supply squeeze??? Go get your gold out of Kitco...........