Re: Another Record High at Gold ETF

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cockerel1

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Re: Another Record High at Gold ETF

in response to

Another Record High at Gold ETF

vhf

posted on Jan 08, 2009 07:22AM

Question.

If the money being put into ETF's goes "to the moon" where do you think they will get the gold to cover?

Suggest this is no better than owning FIAT if you are going to leave it to accumulate.

IMO, ETF's are just another way of controlling the amount of gold being accumulated by "Joe-six-pack"s".