Replies to post #347 on SPDR Gold Trust (GLD)

[webpence]

I don't trust paper gold.

SKBP - I have given a fair bit of thought to this topic.

I'm sure you've seen this article?
GLD http://news.goldseek.com/GoldSeek/1258049769.php

Also, the Comex only has 107 million ounces of silver, but they have sold claims to 720 million ounces that they claim to have available for physical delivery.

They say that gold and silver do well in hyperinflation, but only gold in deflation.

Also, Max Keiser has been saying that JP Morgan is short 3.3 billion ounces of silver and has suggested that people can "Crash JP Morgan" by buying silver and demanding physical delivery.

We know that Sprott Asset Management has been doing just that. They are demanding physical delivery.

http://www.gotgoldreport.com/2010/12/sprott-thinks-silver-explosion-coming.html

Bill Murphy of GATA

http://www.gata.org/node/9420

Here's a pretty good youtube channel
http://www.youtube.com/user/SGTbull07#p/u

I'd say physical possession is preferable or having physical stored in a vault overseas.

Look at a chart of the dow to gold ratio. Pretty eye opening. I expect an ounce or two of gold will buy the Dow before it's all done and said.

Anyway, you do not want to be an unsecured creditor when the SHTF.