Re: Another problem with the ETF GLD

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lawnbowler

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Re: Another problem with the ETF GLD

in response to

Another problem with the ETF GLD

Terresainte

posted on Feb 19, 2009 04:08AM

Good article.

Under the GLD prospectus and latest 10-K it appears that the Trust neither needs to own actual physical gold that constitutes atomic number 79 nor allow their auditors to see and touch the undefined ‘investment in gold’.

I love the reference to the atomic number - takes all doubt about what is being referred to (metal, investment, in kind, paper, whatever), and hope that no one on this board is into GLD in a big way. I don't trust this as far as I can throw 1000 te of anything.