C.M.

Ten Reasons to Avoid the Gold ETF

You need to pull out ASAP. It's set to crash. It's not worth the risk. It's a scam and the US govt owns a huge amount of it. The gov't is going to confiscate the buillion. You need to buy gold coins before it's too late. I spent $26,000 on non-confiscatable gold and silver coins. It's real, this fund is not. It's a con! Please get out on an upswing before you lose it all.


On Feb 20 12:46 AM mr freddo wrote:

> I was sleeping a little better knowing that my GLD would give me
> at least a grub stake in the brave new post apocalyptic world. But
> your article really points out the weakness of holding GLD. Counter
> party risk. Trust.
>
> Thanks again! I will be moving out of GLD and SLV shortly.
>
> What do people think about the bullion vault?

Ten Reasons to Avoid the Gold ETF

Just a note of caution, the North American Union may merge Canada into the US and change its laws as such. Things could change dramatically.


On Feb 18 06:10 AM sakata wrote:

> I agree with everything in this article and switched all my GLD holdings
> to CEF earlier this year for the very reasons cited. However, there
> is one other reason which is very compelling and not mentioned here:
> CEF is Canadian held, and so not subject ot USA law in the case of
> possible confiscation.

Ten Reasons to Avoid the Gold ETF

It's a good short-term way to make a ton of money but you need to know when to get out before it crashes. Note, this fund is rigged and manipulated All the signs are there with the crazy spikes in this stock lately that it's being blown up like a bubble. When the COMEX crashes, real gold will skyrocket. Thanks for the article. I decided to pull out on the $2.20 upswing today. Though it may go up insanely the next few months, it's not worth the risk. I'm convinced this fund is going to crash.