Monday, November 8, 2010

Is GLD Overdue To Buy Two Hundred Tons Of Actual Gold?

Is GLD about to buy 200 tons of gold? For the nth time, beware the ides of the GLD ETF. It's potentially a ponzi scheme not backed 100% by gold. The same is true with the SLV ETF. Read the prospectuses. Realize who the custodians are. Do a search on this blog site. I can't spoon feed you every time.

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