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14 ETFs to Consider for 2009

How safe is it invest in the ETF "GLD"? What are the possibilities of the shares not being fully back by gold? Who is auditing this?
It happens before. It happens with the US government, why not with a private institution?

Spain ETF: Proceed With Caution

According to "The Economist", Spain last year international merchandise trade or "Trade Balance" was negative in the extraordinary sum of U$S 115.9 billion dollars.
Germany in the other hand had a "Trade Balance" of + U$S 213 billion dollars, China+U$S 200,9, Argentina + U$S 11.7 and Japan + U$S 84,7 billions, etc

Given the size of the Spanish economy the Spanish deficit is larger than the one of the US

What is the significance of this? Watch out!

Thanks

OWCC