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.
http://www.zerohedge.com/article/gld-overdue-buy-two-hundred-tons-actual-gold
Monday, November 8, 2010
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