Agreed Prop, there has always been rumors if the etf GLD really has the physical gold and that article makes me wonder even more. Then you have the NUGT, 3X gold miners, based on stock derivatives, not actual stock. In a world with 400 TRILLION in derivatives, a small mistake of just 5% means 20 trillion dollars, but don't worry folks the central banks around the world will keeping printing money, all is well. Yeah right, the fat lady hasn't sang in Greece, Spain and Italy yet, and wait till she does, probably after Merkel gets re-elected in October. Oh that was a great jobs report today, 88,000 jobs created and the unemployment rate drops, because the labor participation rate is an insane 63.3%. Greece has a 25% unemployment rate, and their LPR is 75%.
All phony numbers based on statistics and derivatives, very dangerous game.
That being said I put my money in Lightwave which has an enormous future ahead of it, rather than gold.
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