Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (79104)	1/25/2008 6:55:30 AM
From: Andeveron	Read Replies (1) \| Respond to of 94695

Not entirely true although empirically true. Gold got printed when the StreetTracks GLD exchange traded fund was created. Not many people remember but when the ETF opened up, there were questions regarding duplicate counting of gold bars with the same serial numbers and the fund's bullion holdings have never been audited. In other words, the custodians who hold the gold that GLD supposedly owns may have 2 gold bars or it may have 100,000. Of those bars, are they really gold or are they tin bars that have been painted with a shiny gold patina? No outsider knows for certain so it's a confidence game. Gold is a currency that can't be printed, so it can be viewed as stable.