xguy i concur.....etf's to me are spooky shite...... the public is being conned into thinking that paper backed by paper is somehow better than actually owning paper backed by physical gold or a land package that may have economic gold......these etfs remind me of the the paper the financiers created for mortages not to long ago and which we still do not know the ultimate ramifications......the only positive thing about gold etfs is the actual shortage of physical gold is in the billions not trillions and is not likely to trigger a worldwide collapse.......