GLD the Gold ETF - Buyer Beware and the new gold scandal Video
Information has been made public that follows up on a recent discovery made in Hong Kong of gold plated tungsten being on deposit at a repository that was supposedly LMBA good delivery gold. What it says is shocking. IF fully true, the consequences will be harsh for holders of the ETF and others. READ the Prospectus.
the report I read ...
the report I read and what I saw only spoke on? GLD
Jeff... What about ...
Jeff... What about the Swiss ETF's SGOL and SIVR????
prices will go up ...
prices will go up as what is seen as supply will vanish, again, if its all true. also, gold? bars can be checked with spectrometers and other methods. this "gold" was apparently smelted and made into bars 15 years ago. Also, the seller/smelter was supposedly above repute. The thing here is that if this has legs, it will get ugly. I am curious to see how it plays out - however, the big thing to me, and the purpose of the video is found on page 11 in the GLD prospectus and THAT is unseemly enough
I am not so sure ...
I am not so sure they had that affect, or do. Just? look into this if you own GLD.
Also, note that the ...
Also, note that the video is NOT recommending the sale of any ETF and, the information cannot be guaranteed. However, the source information is public and derived? from someone with a solid track record. Look for yourself, please. That is all I can say.
