SPDR Gold Trust (GLD)

[jt6455]

But does it matter? In Biblical times an oz of gold could purchase 250 loafs of bread. Today that same oz purchases at least that amount. So does gold's broken price mechanism really matter unless your long USD? Meaning there's absolutely no hedge to the "Petrodollar" here more importantly there's more counter party risk on this stinky turd than most others. Is it possible to sell shares of GLD and get gold? NOPE

What I'm saying is there's better places to collect USD's if that's the goal because there's no exposure to gold bullion here whatsoever.