Sakata

Gold Bulls: Beware

Philly Jim, did you see what happened to silver this summer? Physical silver is selling at anything up to 50% above spot (a check on Ebay yesterday showed 10oz bars selling for an average of over $190). What is to stop the market manipulation of the spot price of gold? The value of your shares in GLD are pretty much tied to the spot price. I have been buying as much physical gold and silver as I can, but I am worried about all the GLD shares I have in my IRA. I have no way to get them out and I see no other good choice to switch into. I am too young to withdraw the money but too old to sit out the ten or more years before I see sanity returning.