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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (44225)12/22/2008 11:35:26 AM
From: Seeker of Truth  Read Replies (1) | Respond to of 217542
 
This is very important. I read somewhere today, alas I didn't take the time to record the source, about paper gold and gold.
It seems that for every ounce of gold around there are 140 ounces of paper gold. GLD is an example of paper gold.
Taking Tobago Jack's cue I sold GLD a few days ago. He said
something to the effect that he distrusted paper gold.
And by the way I am NOT short GLD or any other paper gold stock.