ray in solivita

Investor Demand Drives Gold Scarcity and Price

How much Gold is tied up in ETF's

The big rise in gold started about the same time that several ETF's on gold began trading. The ETF buys gold as people invest in the ETF and then stores it in a bank vault. This gold is taken off the market until people sell the ETF and more gold is available. this is a large scale hording of gold as people invest in the ETF and take gold off the market. I thought I saw a report that said over 40% of the worlds available gold is tied up in ETF's.ETF's are great when they hold a basket of stocks, but when they hold only one commodity and take a large share off the market, they tend to skew price in their favor.

California's Default Is Certain

It seams that most government bodies haven't got the message that the tax payers are in trouble. They just keep raising taxes and expect the poor people to pay up. How about the gov cutting back as much as individuals and small businesses have. Shure there will be more job losses, but why not, gov employees shouldn't be exempt from taking less pay or having layoffs. i've yet to see stories of big gov cut backs.