Long story short: if you think you own gold via the gold ETF holdings like GLD, you don't own any gold. You only have a legal claim to a phantom bar of gold. The same is true if you are long a gold COMEX futures contract, or have your unallocated gold "stored" in a vault. These are merely contracts, legal paper claims to gold bars which don't exist. For every 500 ounces of paper gold traded on a daily basis in financial exchanges, only one ounce of physical gold backs them up.
This is why you should only possess physical gold.
http://kingworldnews.com/alert-andrew-maguire-western-central-planners-have-finally-lost-control-of-the-gold-market/
Showing posts with label Western Central Planners. Show all posts
Showing posts with label Western Central Planners. Show all posts
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