careful in trading these vehicles as these funds do not have
any beneficial gold or silver behind them.
They probably have only paper claims and when the dust settles,
on a collapse, there will be countless class action lawsuits
trying to recover your lost investment.
There is now evidence that the GLD and SLV are paper settling
on the comex.
***I do not think that the GLD will head to zero
as we still have some GLD shareholders who think that gold
is the right vehicle to be in even though they do not
understand the difference between paper gold and physical gold.
I can visualize demand coming to the buyers side:
i) demand from paper gold shareholders
ii) demand from the bankers who then redeem for gold
to send this gold onto China
vs no sellers of GLD paper.
http://harveyorgan.blogspot.ca/
I would not trust any etf's -
the bankers have sold and leased out the
physical gold and it may just be a lot of
papers claims left -
Any physicals left may be the first to be confiscated -
when the fiat-$ going down -
I prefer mining companies hard assets -
it will still be in the safest hard rock vaults of
mother loads -
with high demand to back up a new currency -
ex. lowest cost gold producers with low
labor cost -
God Bless
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