prudentinvestor

Gold: Wealthy Investors Want Bars, Not Paper

Interesting article. The recent scandals makes one wonder whether these ETF's have actual gold equal to what they sell to investors, or whether they "sell" the same gold bars multiple times, as in "fractional reserve gold holding".

As an aside, I like your statement "...people have stopped buying stuff they don't need with money they don't have because it was a bad idea in the first place..". Succinct and to the point!