Couple of interesting things on gold. 1) Why is it that the mgmt company stopped issuing updates on the holding in the GLD @ the market top? 2) After the scale of the liquidation we've witnessed in the fund, I personally find it "interesting" that holdings have actually *increased* to a fresh 1'029t. Ahem? 3) The fine print on the GLD prospectus does nothing to allay any fears, I'm afraid.
So at the end of the day, there's really nothing that beats owning the real stuff. Which means taking delivery of real physical vs. buying the "virtualized" ETF version.
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Couple of interesting things on gold.
Mar 01 08:31 am
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All Comments by MisterPhi »Gold Bugs vs. Gold Haters [View article]
1) Why is it that the mgmt company stopped issuing updates on the holding in the GLD @ the market top?
2) After the scale of the liquidation we've witnessed in the fund, I personally find it "interesting" that holdings have actually *increased* to a fresh 1'029t. Ahem?
3) The fine print on the GLD prospectus does nothing to allay any fears, I'm afraid.
So at the end of the day, there's really nothing that beats owning the real stuff. Which means taking delivery of real physical vs. buying the "virtualized" ETF version.