Mostly: Classical

[kraftdinner]

My new GLD ETF conspiracy theory.

My new conspiracy theory is that this new ETF for gold is going to be a new tool to replenish the gold inventory at Fort Knox. Due to the looseness of the relationship between the NAV value of the fund and the amount of gold it is supposed to hold, the funds gold holdings will be manipulated and they will skim off a ton here and a ton there to replace the reserves that are supposed to be in Fort Knox. Once the reserves are replaced they will be used to revalue and rescue the US dollar after a good bout of quick-inflation has paid off the debts. So in effect the goldbugs are going to bail out the FED and the banks by paying for the gold used to rescue the greenback after all the debtors have been let off the hook.