SPDR Gold Trust (GLD)

[jt6455]

Impossible with golds current price discovery and the plethora of paper gold available. The leverage ratios do not lie:

COMEX 500/1
LBMA ~100/1
SGE 1/1

Americans think they own gold when holding garbage securities such as this. One day when there's no more gold to send out east or Americans realize they have been duped by there own then true price discovery can be achieved.

Until then it's a rigged game as only .05% of all Americans own the metal. Not surprising as they chase the BOAs 3% mortgage program.

Better to be 2 years too early than 5 minutes too late