Comparing history of GLD to potential spot Bitcoin ETF

https://cryptoslate.com/insights/comparing-history-of-gld-to-potential-spot-bitcoin-etf/

Interview with Jim Rickards: Gold Set for Massive Rally

http://www.theepochtimes.com/n3/494029-interview-with-jim-rickards-gold-set-for-massive-rally/3/

Billionaire Eric Sprott - The US Gold Is Gone

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/7_Billionaire_Eric_Sprott_-_The_US_Gold_Is_Gone.html

Pillaging the GLD

http://www.tfmetalsreport.com/blog/5167/pillaging-gld

Paging Dr. Crane

This is a must-read for those wishing to avoid the Wall Street head fake.

http://www.tfmetalsreport.com/blog/5131/paging-dr-crane

Guess Which "Bearish" Bank Bought A Record Amount Of GLD In Q2

http://www.zerohedge.com/news/2013-08-30/guess-which-bearish-bank-bought-record-amount-gld-q2

In early April, the status quo was exuberant when none other than Goldman Sachs issued a "sell" on the barbarous relic that has become so indicative of the exuberance of central planning. At the time, we were skeptical (to say the least) and, just for extra Muppetting, the bank also suggested its clients buy Treasuries. Well, now that the full details of holdings changes have been released for Q2, it is perhaps clearer than ever before that as the bank was telling its clients to "sell, sell, sell" it was itself "buy, buy, buy"-ing the Gold ETF (GLD) with both arms and feet. In Q2, Goldman Sachs added a stunning (and record) 3.7 million 'shares' of GLD. As Paulson dumped his GLD, Goldman lapped it up to become the ETF's 7th largest holder.

GLD, Gold’s Coming Super-Surge & The Next Bretton Woods

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/9/12_GLD%2C_Golds_Coming_Super-Surge_%26_The_Next_Bretton_Woods.html

Amazing - GLD ETF Tells Customers You Can’t Have The Gold

Let me blunt in my summary of this interview you are about to read, and forgive me for being redundant, but people don't absorb what they don't want to absorb.

FOR EVERY OUNCE OF PHYSICAL GOLD IN COMEX DEPOSITOR VAULTS, THERE ARE 55 PAPER CLAIMS AGAINST IT.  Which means out of 55 people who believe they own gold, only 1 can take physical delivery of it--if everybody demanded delivery simultaneously.  The other 54 are screwed, in other words.  Small holders of GLD have never been able to take delivery, but now large holders are being denied delivery requests, indicating stress in the physical markets, as more investors are doubting the integrity of the precious metals sector.

This is a result of our fractional reserve gold system, similar to our fractional reserve banking system.  Only with gold, there is re-hypothecation of a physical real asset--namely gold bullion.  With the global banking system, it's leveraged credit on top of credit--another Ponzi scheme of derivatives with a notional value of $1.2 quadrillion.  That's $1,200,000,000,000,000.

Your take-away message is buy physical gold and silver coins and bars.  Avoid futures contracts, ETF's, over-the-counter derivatives, or any paper asset which "represents" precious metals.  It's virtual, and when you need your gold and silver, these paper assets are merely empty claims.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/9/11_Amazing_-_GLD_ETF_Tells_Customers_You_Cant_Have_The_Gold.html

Guess Which "Bearish" Bank Bought A Record Amount Of GLD In Q2

This is just another episode of the Wall Street head fake, instituted by none other than Goldman Sachs.  The "vampire squid" investment bank was publicly telling clients to sell short gold, even while they were surreptitiously buying the GLD ETF for their proprietary trading desk.

As I've posted many times, regarding Goldman Sachs, "Do as I do, not as I say" would be sage advice for any observers.

http://www.zerohedge.com/news/2013-08-30/guess-which-bearish-bank-bought-record-amount-gld-q2

Jamie Dimon Has Issues (or Meet The Idiot Selling Gold)

Yes, the GLD ETF is not 100%-backed by gold, as this author declares, but it doesn't take belief in a conspiracy theory.  It's stated in the GLD prospectus.

https://www.spdrs.com/library-content/public/SPDR_GOLD%20TRUST_PROSPECTUS.pdf

The amount of gold represented by the Shares will continue to be reduced during the life of the Trust due to the sales of gold necessary to pay the Trust’s expenses irrespective of whether the trading price of the Shares rises or falls in response to changes in the price of gold.

Meanwhile, around the April shakedown in gold, JPMorgan was bleeding gold to other bullion banks.  Since then--and after the spot price collapsed, JPMorgan has flipped and hoarded gold, driving prices back up.

http://acrossthestreetnet.wordpress.com/2013/04/26/jamie-dimon-has-issues-or-meet-the-idiot-selling-gold/

GLD Deception Reaches a New Level

http://www.tfmetalsreport.com/blog/4846/gld-deception-reaches-new-level

Redemptions in the GLD are, oddly enough, Bullish for Gold

I agree with Sprott that the smashing of paper gold prices (including the naked short selling of the GLD ETF) has corresponded with the intensifying demand of physical gold.  But I would add to his conclusion of:

To us, this is clearly a bullish signal for gold.

my corollary:

This will accelerate the transfer of wealth from the West to the East, and the impending bankruptcy of Western economies.

http://www.sprott.com/markets-at-a-glance/redemptions-in-the-gld-are,-oddly-enough,-bullish-for-gold/

Decoupling In Precious Metals Markets

http://www.bullionbullscanada.com/gold-commentary/26158-decoupling-in-precious-metals-markets

The role of GLD and SLV

http://www.goldmoney.com/gold-research/alasdair-macleod/the-role-of-gld-and-slv.html?gmrefcode=gata

Why You Should Avoid GLD and SLV ETP's

Many of you have read my rants on why one should avoid the GLD, SLV and other precious metals ETP's (aka ETF's).  This letter by Kaye to his investors goes into some details on the mechanics of why they're Ponzi schemes.

http://www.gata.org/files/PacificGroupLetter-05-10-2013.pdf

Bottom line:  while GLD and SLV are convenient trading vehicles designed to track spot prices (which they are doing a poor job of, as the ETP prices are below already depressed spot prices relative to physical markets), investors are exposed to counterparty risk and will not be able to redeem their shares for physical precious metals--unless they have significant holdings--and even then there is risk if the ETP's are drained of their physical inventory, as is happening right now.  You can see the relative performances as ETF prices < spot prices < physical prices.   It's simple math and why you should buy physical coins and bars and avoid paper gold and paper silver.  Paper assets were designed by bullion banks to cheat investors out of their physical assets.

By the way, SLW is a silver streaming company, which is entirely different than the SLV ETF.

See disclaimers in the side bar.

CNBC - HSBC - GLD - Public Relations Backfire

http://goldsilver.com/news/cnbc-hsbc-gld-public-relations-backfire/

Guest Post: Price Suppression Mechanics of GLD and SLV, by Andrew Maguire

http://www.tfmetalsreport.com/blog/4327/guest-post-price-suppression-mecanics-gld-and-slv-andrew-maguire

PIMCO, Texas Teacher Retirement System, Soros Buy GLD; Paulson Sells

http://www.goldcore.com/goldcore_blog/pimco-texas-teacher-retirement-system-soros-buy-gld-paulson-sells

Gerald Celente - MF Global...What about Gold ETF GLD & HSBC?

The emperor behind the curtain has no clothes.  The level of institutional theft is no longer shrouded  in secrecy.  You know the system is about to collapse when the perps don't even hide their nefarious actions anymore.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/17_Gerald_Celente_-_MF_Global...What_about_Gold_ETF_GLD_%26_HSBC.html

Gold: The hedge against political stupidity

http://money.cnn.com/2011/11/03/markets/thebuzz/index.htm?iid=HP_LN 

One correction in the article:  GLD is the ETF that attempts to track the price of spot gold (and allegedly is partially backed by physical gold bullion).  GDX is the ETF that is an index of gold mining company shares.  The article mistakenly says this about influential hedge fund manager David Einhorn:

He said his firm has shifted some money into the Market Vectors Gold Miners ETF (GLD), adding that he expected gold prices to continue to rise.

That can't be true.  He either bought GLD or GDX, which is the Market Vectors Gold Miners ETF.  See http://finance.yahoo.com/q?s=gdx&ql=1

So take it from me--your trusted source about everything related to precious metals.  Even the "experts" can get it wrong.