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GLD is a concoction of the World Gold Council. Their members are major gold mining companies. Their aim in creating GLD was to create a customer for their product. They have succeeded. It is implausible that WGC members are acting against their own interest by holding 'fake' gold. They would still be left with their product.
Dec 07 13:30 pm
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All Comments by Dave G »The Manipulation of Gold Prices [View article]
On Dec 04 12:13 PM Aikido wrote:
> I am suprised you hold GLD. I could never get documentation that
> says they hold the gold - I think they are part of the effort to
> hold the price of gold down.