Sent this e-mail (Twice as you can see) to one of those financial houses that offer gold ETF'S and supposedly have the bullion to support the "Paper".
info@exchangetradedgold.com
Sent: October-27-09 7:20 AM
Fri: 30/10/2009 3:06 PM
To Whom it may concern,
Your website shows a current holding of 1106.87 tonnes.
Can you please explain the following:
1. What secure facility(s) is responsible for storing this bullion?
2. How does the fund secure(obtain) additional quantities of bullion?
3. How often is the bullion audited and by whom?
4. Is there a limit on how much bullion the fund can acquire?
5. Is there a maximum that any one person can own?
6. Is there a maximum on how much the fund can issue shares on?
Thank you in advance
Regards
As of today, I have no reply!
Makes you wanna say "hummmm"!
Good Luck to all!