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Post# of 704019
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fois gras

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fois gras

Re: None

Sunday, 07/17/2011 4:17:43 PM

Sunday, July 17, 2011 4:17:43 PM

Post# of 704019

The two ETF's that I follow are the GLD and SLV. You must be very careful in trading these vehicles as these funds do not have any beneficial gold or silver behind them. They probably have only paper claims and when the dust settles, on a collapse, there will be countless class action lawsuits trying to recover your lost investment.
There is now evidence that the GLD and SLV are paper settling on the comex.
Thus a default at either of the LBMA, or Comex will trigger a catastrophic event.

From Harvey Organ July 16
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