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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Tommaso who wrote (63455)2/16/2009 12:18:34 AM
From: Proud Deplorable  Read Replies (3) of 78419
 
"The physical market is so tight that coin minting has all but closed down compared to what it was one year ago. It is hard to accept that the Gold EFTs can buy what the mints can't."

Of course they are fraudulent. The only thing a smart person needs to do is go out and buy physical metals. The rest are not so smart because they think they own gold (or silver) when they don't own anything except paper. Then too, these ETF's can be taken over by govt in a crunch leaving the shareholders empty handed. Not so with oil and other ETF's that only track the underlying asset or a basket of shares of same.

People have been warned a million times to be wary of GLD and SLV so why do people own them when its just as easy to own the metal itself?
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