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Squeeky Wheel
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GLD Exodus Reversal

- Adam Hamilton - Zealllc

Transparency is the key. Claimed transparency is another. I may not be the sharpest crayon in the box but what is their physical audit policy? Who produces what bar serialized and who can and does the actual content analysis? Can a lone investor pay out of pocket for an independent audit? If the Fed won't allow a thorough audit other than numbers on a printed page how do we know that the actual metals we are investing in actually exist? Conspiracy theories abound, yes, but in a world of half truth, innuendo and down right theft, how can one know for sure if GLD numbers are on the up and up? Many have the same concerns that I do that are rarely asked over a luncheon date. The other concern is the supply chain. Who exactly is selling that much physical in this short amount of time? Not central banks: ie China and Russia. Not the fed. So who is selling all of this supposed supply? One mark of a good investor is a skeptical view of the claims? Ask for a tour of the vaults and take your video camera we'd love to hear what you come up with.

Commented 3904 days ago

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Beginning of the headline :The flagship GLD gold ETF has suffered a radically unprecedented mass exodus this year.The capital fleeing this single vehicle was the primary reason gold plunged so dramatically in 2013's first half.But just this week, money started flowing back into GLD for the first time in months.This likely marks the dawn of the GLD exodus's reversal, which is wildly bullish for gold.Falling stock markets will play a critical role.The GLD gold ETF is now formally called SPDR Gold Shares.Rising from modest b... Read More

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