GOLDBUGS AMEX Goldbugs Index (GOLD): The original prospectus for GLD had very...

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Re: basserdan post# 10589

Friday, 02/13/2009 10:43:46 AM

Friday, February 13, 2009 10:43:46 AM

The original prospectus for GLD had very similar language in it. No audits? Access to the holdings not allowed by the subcustodians? It was waving red flags right under my eyes. I have looked at it as a paper stock ever since. No better or no worse than any other paper issued by corporations. IMHO No access for verification = no gold. I am not a trusting type.

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