pansyed

Three Noteworthy Sectors: Gold, Food and Healthcare

There is much talk about the adding of gold to the GLD etf. This gold should be traceable through the COMEX. I cannot find the transfers nor to my knowledge can anyone else. So that leaves leasing or paper transactions. Do we really want to deal with a fund that infers they have gold when it appear to be an illusion?

There are no provisions for an audit of the gold.

This fund is apparently controlled by the same big bankers in need of a baleout.

And then we have Madoff and others. So my mind wanders to what happens in a crisis.