User 334034

Gold ETF Reaches New Inventory High

Before the fund was launched in 2004, there were complaints that the prospectus was too loose on accounting for the trust's gold. This is just one more instance of never knowing for sure how much gold is really there, GLD's 800 tonnes paling in comparison to the amount of central bank gold that also might not be there.

On Jan 08 11:15 PM Bernard Super wrote:

> Tim: What is your take on the charge that GLD is unaudited and opaque,
> i.e. there is no way to know if they really have (all) the physical
> gold they say they have?
>
> Thanks