Thanks, Dan
How much of that $2 billion would have been used to purchase physical metal if GLD hadn't existed? How much higher would gold be today if GLD wasn't launched?
My answers: (1) very little... it would have gone into CEF and mining stocks
(2) not higher at all
I really need, though, to get myself a whole lot of gold coins instead of that GLD stock.
Hard work often pays off over time,
but laziness always pays off right now.