Thoughts on Gold

[china]

You are wrong sorry. The gold ETF is composed of physical metal (not like minning stocks, or gold futures).

Unless there is fraud somewhere the "piece of paper" actually corresponds to a certain ammount of gold. Doesn't depend at of the dollar. If dollar goes to 0 (zero) the company running the etf could liquidate it and send the gold to the paper owners

When you purchase shares in the GLD ETF, you own shares in a an ETF that tracks the price of gold. You do not own any gold and your shares are not redeemable for gold. Only the "Authorized Participants" of the ETF who originally placed the gold in the ETF vault own the gold. (This is mentioned in the ETF prospectus. "Authorized Participants" are banks, brokerages, etc.) If the ETF is liquidated, you are entitled to cash, not gold.

GLD is like a mutual fund.

 

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[china]

Qeqis humf nez figeamv.

Loipis: Humf Qsodit Vu Fuacmi Up Qeqis Nesliv Figeamv | Denqeohp gus Mocisvz ev vji Feomz Qeam

Uxpoph HMF wistat uxpoph qjztodem humf ot tonomes vu uxpoph HN tvudl wistat uxpoph e Defommed. Iwip og HN tvudl huit apfis, zuas Defommed ot tvomm xusvj tunivjoph. Iwip og HMF huit apfis, humf duopt esi tvomm xusvj tunivjoph.

Epf vjev't vji foggisipdi.

O'f ci wisz xesz ev vjot quopv topdi vji qjztodem nesliv ot juv epf cammoup ot timmoph gus e wisz johj qsinoan (og fiemist jewi ov). Niepxjomi, vji qeqis humf nesliv tiint vu ci katv fzoph jemg vji voni epf puv nuwoph vji sitv ug vji voni.

 

[kidgas]

O ehsii xovj Djope vjev zua tjuamf ci wisz desigam. Ov ot puv siem apmitt zua esi jumfoph ov op zuas quttittoup.