guntherd20

Where are Precious Metals Headed in 2008?

Ok Dr Shostak, great explanation of "power" beyond the control of us little guys. Please tell us powerless ones how best to protect what we have worked for and saved over many years.

IAU: Can Spot Gold Continue Its Tear?

How do we know for sure that IAU, SLV, GLD, CEF and other precious metal ETFs are in possession of actual metal rather than someone elses promissory paper? There is a great opportunity to just hold paper and use our invesrted money in some other risky scheme.

Gold ETFs Cut Down On Physical Metal Trade

Ah, but do GLD and IAU (and SLV) have actual metal in their possession or just some paper promising them that amounts of metal have been assigned to them? Or, who at the ETF counts the physical metal to assure the investors really have direct ownership and acess rather than some one elses promise that it exists? Seems like we may be buying paper and not physical metal -would make existing above ground supply look larger than reality.