GLD ETF full of fake gold?

[Anonymous]

Spain made the mistake of confusing bullion with wealth.

Holland on the other hand, realized that trade and manufacturing were the twin routes to wealth. And staying out of war was the way to keep it.

So much so that they were able to buy their freedom from Spain and we all know the trajectory since.

[stockstradr]

Only insomnia has driven me to post to this thread, which is filled with even more nonsense posts than the usual Pigg thread.

Gold ETF’s filled with “fake” gold?

It is practically a moot point, because if you read the prospectus cover-to-cover, you’ll identify so many other risks that the gold ETF’s might as well hold fake gold.

http://www.spdrgoldshares.com/sites/us/prospectus/

Because of these risks, when I take a position long gold, if I cannot buy bullion (such as when trading in a 401K or ROTH IRA) then I only buy the Central Gold Trust (GTU).

http://www.gold-trust.com/

I’m presently DOUBLE-SHORT gold, having first established that 10%-of-portfolio position two weeks ago. Yes, so far the gold market is definitely moving my direction.

I am pleased that so many people on this thread think gold is a good buy at this price. That tells me I’m on the right side (short side) of the gold market!

When gold falls to about $700 (likely within 24 months), I’ll dump that short position and, as Hugh Hendry says (paraphrasing) “I’m gonna then back my truck up to the refinery and load my portfolio chock full of gold, then hold it for a good 10+ years, long enough for the dollar to collapse and send gold soaring above $6000/ounce!” (And that might just happen A LOT sooner than 10 years)

http://en.wikipedia.org/wiki/Hugh_Hendry

[stockstradr]

Only insomnia has driven me to post to this thread, which is filled with even more nonsense posts than the usual Pigg thread.

Gold ETF’s filled with “fake” gold?

It is practically a moot point, because if you read the prospectus cover-to-cover, you’ll identify so many other risks that the gold ETF’s might as well hold fake gold.

http://www.spdrgoldshares.com/sites/us/prospectus/

Because of these risks, when I take a position long gold, if I cannot buy bullion (such as when trading in a 401K or ROTH IRA) then I only buy the Central Gold Trust (GTU).

http://www.gold-trust.com/

I’m presently DOUBLE-SHORT gold, having first established that 10%-of-portfolio position two weeks ago. Yes, so far the gold market is definitely moving my direction.

I am pleased that so many people on this thread think gold is a good buy at this price. That tells me I’m on the right side (short side) of the gold market!

When gold falls to about $700 (likely within 24 months), I’ll dump that short position and, as Hugh Hendry says (paraphrasing) “I’m gonna then back my truck up to the refinery and load my portfolio chock full of gold, then hold it for a good 10+ years, long enough for the dollar to collapse and send gold soaring above $6000/ounce!” (And that might just happen A LOT sooner than 10 years)

http://en.wikipedia.org/wiki/Hugh_Hendry

[stockstradr]

Only insomnia has driven me to post to this thread, which is filled with even more nonsense posts than the usual Pigg thread.

Gold ETF’s filled with “fake” gold?

It is practically a moot point, because if you read the prospectus cover-to-cover, you’ll identify so many other risks that the gold ETF’s might as well hold fake gold.

http://www.spdrgoldshares.com/sites/us/prospectus/

Because of these risks, when I take a position long gold, if I cannot buy bullion (such as when trading in a 401K or ROTH IRA) then I only buy the Central Gold Trust (GTU).

http://www.gold-trust.com/

I’m presently DOUBLE-SHORT gold, having first established that 10%-of-portfolio position two weeks ago. Yes, so far the gold market is definitely moving my direction.

I am pleased that so many people on this thread think gold is a good buy at this price. That tells me I’m on the right side (short side) of the gold market!

When gold falls to about $700 (likely within 24 months), I’ll dump that short position and, as Hugh Hendry says (paraphrasing) “I’m gonna then back my truck up to the refinery and load my portfolio chock full of gold, then hold it for a good 10+ years, long enough for the dollar to collapse and send gold soaring above $6000/ounce!” (And that might just happen A LOT sooner than 10 years)

http://en.wikipedia.org/wiki/Hugh_Hendry

[stockstradr]

Only insomnia has driven me to post to this thread, which is filled with even more nonsense posts than the usual Pigg thread.

Gold ETF’s filled with “fake” gold?

It is practically a moot point, because if you read the prospectus cover-to-cover, you’ll identify so many other risks that the gold ETF’s might as well hold fake gold.

http://www.spdrgoldshares.com/sites/us/prospectus/

Because of these risks, when I take a position long gold, if I cannot buy bullion (such as when trading in a 401K or ROTH IRA) then I only buy the Central Gold Trust (GTU).

http://www.gold-trust.com/

I’m presently DOUBLE-SHORT gold, having first established that 10%-of-portfolio position two weeks ago. Yes, so far the gold market is definitely moving my direction.

I am pleased that so many people on this thread think gold is a good buy at this price. That tells me I’m on the right side (short side) of the gold market!

When gold falls to about $700 (likely within 24 months), I’ll dump that short position and, as Hugh Hendry says (paraphrasing) “I’m gonna then back my truck up to the refinery and load my portfolio chock full of gold, then hold it for a good 10+ years, long enough for the dollar to collapse and send gold soaring above $6000/ounce!” (And that might just happen A LOT sooner than 10 years)

http://en.wikipedia.org/wiki/Hugh_Hendry

[stockstradr]

Only insomnia has driven me to post to this thread, which is filled with even more nonsense posts than the usual Pigg thread.

Gold ETF’s filled with “fake” gold?

It is practically a moot point, because if you read the prospectus cover-to-cover, you’ll identify so many other risks that the gold ETF’s might as well hold fake gold.

http://www.spdrgoldshares.com/sites/us/prospectus/

Because of these risks, when I take a position long gold, if I cannot buy bullion (such as when trading in a 401K or ROTH IRA) then I only buy the Central Gold Trust (GTU).

http://www.gold-trust.com/

I’m presently DOUBLE-SHORT gold, having first established that 10%-of-portfolio position two weeks ago. Yes, so far the gold market is definitely moving my direction.

I am pleased that so many people on this thread think gold is a good buy at this price. That tells me I’m on the right side (short side) of the gold market!

When gold falls to about $700 (likely within 24 months), I’ll dump that short position and, as Hugh Hendry says (paraphrasing) “I’m gonna then back my truck up to the refinery and load my portfolio chock full of gold, then hold it for a good 10+ years, long enough for the dollar to collapse and send gold soaring above $6000/ounce!” (And that might just happen A LOT sooner than 10 years)

http://en.wikipedia.org/wiki/Hugh_Hendry

[cyphire]

AHHHHH I’m scared now!!!

I was also wondering about how much gold GLD actually carries, and when I read that they were “buying gold” to bolster their reserves, that made me nervous. The rest of these comments made me real nervous! I put 5% of my portfolio into GLD, and it went up and back down to where I bought it at, so I think I will dump it. I bought it as a hedge against a MAJOR panic / market meltdown (along with an even larger position in the double shorts on DOW and Russell), so i may move the gold money into the double shorts….

Should there be a TRUE crisis, who knows, the GLD might be worth a fraction of its value if they don’t actually hold an equivalent amount of the stuff!

[cyphire]

AHHHHH I’m scared now!!!

I was also wondering about how much gold GLD actually carries, and when I read that they were “buying gold” to bolster their reserves, that made me nervous. The rest of these comments made me real nervous! I put 5% of my portfolio into GLD, and it went up and back down to where I bought it at, so I think I will dump it. I bought it as a hedge against a MAJOR panic / market meltdown (along with an even larger position in the double shorts on DOW and Russell), so i may move the gold money into the double shorts….

Should there be a TRUE crisis, who knows, the GLD might be worth a fraction of its value if they don’t actually hold an equivalent amount of the stuff!

[cyphire]

AHHHHH I’m scared now!!!

I was also wondering about how much gold GLD actually carries, and when I read that they were “buying gold” to bolster their reserves, that made me nervous. The rest of these comments made me real nervous! I put 5% of my portfolio into GLD, and it went up and back down to where I bought it at, so I think I will dump it. I bought it as a hedge against a MAJOR panic / market meltdown (along with an even larger position in the double shorts on DOW and Russell), so i may move the gold money into the double shorts….

Should there be a TRUE crisis, who knows, the GLD might be worth a fraction of its value if they don’t actually hold an equivalent amount of the stuff!

[cyphire]

AHHHHH I’m scared now!!!

I was also wondering about how much gold GLD actually carries, and when I read that they were “buying gold” to bolster their reserves, that made me nervous. The rest of these comments made me real nervous! I put 5% of my portfolio into GLD, and it went up and back down to where I bought it at, so I think I will dump it. I bought it as a hedge against a MAJOR panic / market meltdown (along with an even larger position in the double shorts on DOW and Russell), so i may move the gold money into the double shorts….

Should there be a TRUE crisis, who knows, the GLD might be worth a fraction of its value if they don’t actually hold an equivalent amount of the stuff!

[cyphire]

AHHHHH I’m scared now!!!

I was also wondering about how much gold GLD actually carries, and when I read that they were “buying gold” to bolster their reserves, that made me nervous. The rest of these comments made me real nervous! I put 5% of my portfolio into GLD, and it went up and back down to where I bought it at, so I think I will dump it. I bought it as a hedge against a MAJOR panic / market meltdown (along with an even larger position in the double shorts on DOW and Russell), so i may move the gold money into the double shorts….

Should there be a TRUE crisis, who knows, the GLD might be worth a fraction of its value if they don’t actually hold an equivalent amount of the stuff!

[cyphire]

AHHHHH I’m scared now!!!

I was also wondering about how much gold GLD actually carries, and when I read that they were “buying gold” to bolster their reserves, that made me nervous. The rest of these comments made me real nervous! I put 5% of my portfolio into GLD, and it went up and back down to where I bought it at, so I think I will dump it. I bought it as a hedge against a MAJOR panic / market meltdown (along with an even larger position in the double shorts on DOW and Russell), so i may move the gold money into the double shorts….

Should there be a TRUE crisis, who knows, the GLD might be worth a fraction of its value if they don’t actually hold an equivalent amount of the stuff!

[cyphire]

AHHHHH I’m scared now!!!

I was also wondering about how much gold GLD actually carries, and when I read that they were “buying gold” to bolster their reserves, that made me nervous. The rest of these comments made me real nervous! I put 5% of my portfolio into GLD, and it went up and back down to where I bought it at, so I think I will dump it. I bought it as a hedge against a MAJOR panic / market meltdown (along with an even larger position in the double shorts on DOW and Russell), so i may move the gold money into the double shorts….

Should there be a TRUE crisis, who knows, the GLD might be worth a fraction of its value if they don’t actually hold an equivalent amount of the stuff!

[cyphire]

AHHHHH I’m scared now!!!

I was also wondering about how much gold GLD actually carries, and when I read that they were “buying gold” to bolster their reserves, that made me nervous. The rest of these comments made me real nervous! I put 5% of my portfolio into GLD, and it went up and back down to where I bought it at, so I think I will dump it. I bought it as a hedge against a MAJOR panic / market meltdown (along with an even larger position in the double shorts on DOW and Russell), so i may move the gold money into the double shorts….

Should there be a TRUE crisis, who knows, the GLD might be worth a fraction of its value if they don’t actually hold an equivalent amount of the stuff!

[cyphire]

AHHHHH I’m scared now!!!

I was also wondering about how much gold GLD actually carries, and when I read that they were “buying gold” to bolster their reserves, that made me nervous. The rest of these comments made me real nervous! I put 5% of my portfolio into GLD, and it went up and back down to where I bought it at, so I think I will dump it. I bought it as a hedge against a MAJOR panic / market meltdown (along with an even larger position in the double shorts on DOW and Russell), so i may move the gold money into the double shorts….

Should there be a TRUE crisis, who knows, the GLD might be worth a fraction of its value if they don’t actually hold an equivalent amount of the stuff!

[Author]

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