The Perth Mint's Bron Suchecki reports that gold exchange-traded fund GLD is proposing an amendment to its procedures that expresses concern about the reliability of unallocated gold.
Suchecki writes: "Why the need to clarify this now? Is there something the World Gold Council (which sponsors GLD) knows about the state of the market that didn't exist before?"
Suchecki's commentary is headlined "GLD Amendment Refers to 'Unforeseen Reasons' for Unallocated Failure" and it's posted at his blog, Gold Chat, here:
http://goldchat.blogspot.com/2014/07/gld-amen...unforeseen.h...
