Comments on: A Problem with GLD and SLV ETFs http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/ Monetary science applied to current events focusing on the role of gold and silver.. Sat, 13 Mar 2010 20:03:55 +0000 http://wordpress.org/?v=abc hourly 1 By: Is Goldman Sachs Thinking Of Buying Silver http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-11435 Is Goldman Sachs Thinking Of Buying Silver Thu, 25 Feb 2010 06:24:55 +0000 http://www.runtogold.com/?p=607#comment-11435 [...] in sovereign debt from Greece, Portugal, Italy, Ireland, Spain, etc., GS, or the problematic SLV, Streettracks Gold ETF Trust Shares or the platinum ETFs. ShareIs Goldman Sachs Thinking Of Buying [...] [...] in sovereign debt from Greece, Portugal, Italy, Ireland, Spain, etc., GS, or the problematic SLV, Streettracks Gold ETF Trust Shares or the platinum ETFs. ShareIs Goldman Sachs Thinking Of Buying [...]

]]> By: Brian Scrocca http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-11380 Brian Scrocca Wed, 24 Feb 2010 10:55:18 +0000 http://www.runtogold.com/?p=607#comment-11380 I have owned CEF and the sister fund GTU which is more weighted in gold than silver. You can call them and ask any question you like. I spoke directly to the son who told me his father started the fund some 35 years ago. So they do have a great reputation and store the metals in one of the safest banks Canadian chartered banks in the world. I have owned CEF and the sister fund GTU which is more weighted in gold than silver. You can call them and ask any question you like. I spoke directly to the son who told me his father started the fund some 35 years ago. So they do have a great reputation and store the metals in one of the safest banks Canadian chartered banks in the world.

]]> By: FCC Net Neutrality Debate. Define Net Neutrality Legislation - Please! http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-10727 FCC Net Neutrality Debate. Define Net Neutrality Legislation - Please! Wed, 17 Feb 2010 12:25:11 +0000 http://www.runtogold.com/?p=607#comment-10727 [...] platinum, GOOG, MSFT with no interest in AMZN, AKAM, LLNW, T, AAPL, NFLX, or the problematic SLV, Streettracks Gold ETF Trust Shares or the platinum ETFs. ShareNet Neutrality [...] [...] platinum, GOOG, MSFT with no interest in AMZN, AKAM, LLNW, T, AAPL, NFLX, or the problematic SLV, Streettracks Gold ETF Trust Shares or the platinum ETFs. ShareNet Neutrality [...]

]]> By: The Laboon Comes http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-9885 The Laboon Comes Sun, 07 Feb 2010 23:58:41 +0000 http://www.runtogold.com/?p=607#comment-9885 [...] sovereign debt from Greece, Portugal, Italy, Ireland, Spain, etc., Euros or the problematic SLV, Streettracks Gold ETF Trust Shares or the platinum ETFs. ShareThe Laboon [...] [...] sovereign debt from Greece, Portugal, Italy, Ireland, Spain, etc., Euros or the problematic SLV, Streettracks Gold ETF Trust Shares or the platinum ETFs. ShareThe Laboon [...]

]]> By: Federal Reserve Will Fail With Quantitative Easing http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-9533 Federal Reserve Will Fail With Quantitative Easing Wed, 03 Feb 2010 20:27:51 +0000 http://www.runtogold.com/?p=607#comment-9533 [...] is always accepted.  Gold is the safest and most liquid asset.  As I surgically explained, the ETFs GLD and SLV are NOT gold or silver.  The question then becomes:  Will capital move up or down the liquidity [...] [...] is always accepted.  Gold is the safest and most liquid asset.  As I surgically explained, the ETFs GLD and SLV are NOT gold or silver.  The question then becomes:  Will capital move up or down the liquidity [...]

]]> By: HR 4248 Free Competition In Currency Act Of 2009 http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-9324 HR 4248 Free Competition In Currency Act Of 2009 Mon, 01 Feb 2010 08:44:11 +0000 http://www.runtogold.com/?p=607#comment-9324 [...] Long physical gold and silver with no interest in the problematic SLV or GLD ETFs or the platinum ETFs. ShareHR 4248 Free Competition In Currency Act Of [...] [...] Long physical gold and silver with no interest in the problematic SLV or GLD ETFs or the platinum ETFs. ShareHR 4248 Free Competition In Currency Act Of [...]

]]> By: Piling Into One Month Treasuries http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-8995 Piling Into One Month Treasuries Thu, 28 Jan 2010 08:05:19 +0000 http://www.runtogold.com/?p=607#comment-8995 [...]  Long physical gold, silver and platinum with no interest TLT, the problematic SLV or GLD ETFs or the platinum ETFs. SharePiling Into One Month [...] [...]  Long physical gold, silver and platinum with no interest TLT, the problematic SLV or GLD ETFs or the platinum ETFs. SharePiling Into One Month [...]

]]> By: The Massive Momentum Of 2009 http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-8834 The Massive Momentum Of 2009 Mon, 25 Jan 2010 21:20:34 +0000 http://www.runtogold.com/?p=607#comment-8834 [...]  Long physical gold, silver and platinum with no interest the problematic SLV or GLD ETFs, the platinum ETFs or Treasuries. ShareThe Massive Momentum Of [...] [...]  Long physical gold, silver and platinum with no interest the problematic SLV or GLD ETFs, the platinum ETFs or Treasuries. ShareThe Massive Momentum Of [...]

]]> By: The Case For Withdrawing Nickels http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-8640 The Case For Withdrawing Nickels Wed, 20 Jan 2010 21:31:02 +0000 http://www.runtogold.com/?p=607#comment-8640 [...] spray paint and the unverified shortage of LBMA quality bullion you may even be able to get the problematic GLD ETF to buy a few [...] [...] spray paint and the unverified shortage of LBMA quality bullion you may even be able to get the problematic GLD ETF to buy a few [...]

]]> By: Dennis Johnson http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-5997 Dennis Johnson Fri, 11 Dec 2009 17:03:53 +0000 http://www.runtogold.com/?p=607#comment-5997 There is an easy way to monitor the "performance" of the GLD and SLV ETFs: Chart GLD:$GOLD and SLV:$SILVER on a daily basis. If the chart starts falling in a more rapid fashion, there is monkey business going on. There are some big money players involved in these ETFs, and if they start smelling a rat, the above charts will start to fall. Get the hell out, or better, short the ETF and buy the physical for a no-risk trade. There is an easy way to monitor the “performance” of the GLD and SLV ETFs: Chart GLD:$GOLD and SLV:$SILVER on a daily basis. If the chart starts falling in a more rapid fashion, there is monkey business going on. There are some big money players involved in these ETFs, and if they start smelling a rat, the above charts will start to fall. Get the hell out, or better, short the ETF and buy the physical for a no-risk trade.

]]> By: Amschel Ivry http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-4943 Amschel Ivry Thu, 26 Nov 2009 22:36:29 +0000 http://www.runtogold.com/?p=607#comment-4943 I was happy to find some etfs I could park my money at while writing options against (classic plain covered call premium collection) based on my now so called "silver certificates" and now I am dissappointed. I was happy to find some etfs I could park my money at while writing options against (classic plain covered call premium collection) based on my now so called “silver certificates” and now I am dissappointed.

]]> By: GoldMoney Releases German Website http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-4813 GoldMoney Releases German Website Tue, 24 Nov 2009 20:59:37 +0000 http://www.runtogold.com/?p=607#comment-4813 [...] in June 2007  Morgan Stanley & Co. (also involved with the problematic GLD ETF – part I; part II) settled a class action lawsuit for $4.4 million where the complaint [...] [...] in June 2007  Morgan Stanley & Co. (also involved with the problematic GLD ETF – part I; part II) settled a class action lawsuit for $4.4 million where the complaint [...]

]]> By: Rob Brown http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-4337 Rob Brown Mon, 16 Nov 2009 06:26:02 +0000 http://www.runtogold.com/?p=607#comment-4337 The bit that everyone seems to miss is that according to the offering document there is no way you can get your gold out of this fund unless it goes bust, which historically has always been at a significant haircut. Until then the only parties with access to the gold are the Authorised Participants which purchase baskets because only they can redeem baskets for gold, which is the bullion banks. Even so every physical gold investor is still at the risk of being taxed to oblivion when the price rises. If you don't take care of that issue before you invest then what is the point? As an individual you are simply a trustee for the tax office who will take when they need through taxation and give it straight to the banks in the form of a bailout, regardless of your nationality. And then there's the question of how do you make a physical gold bullion investment liquid without selling it? I'm sure you wouldn't be pleased at selling it to raise cash at $5K if it then went up to $20K, or higher. Then you'd be miffed, and dare I say, skint. Sometimes you need to take a big step back and take a wider view. There are better ways... The bit that everyone seems to miss is that according to the offering document there is no way you can get your gold out of this fund unless it goes bust, which historically has always been at a significant haircut. Until then the only parties with access to the gold are the Authorised Participants which purchase baskets because only they can redeem baskets for gold, which is the bullion banks.

Even so every physical gold investor is still at the risk of being taxed to oblivion when the price rises. If you don’t take care of that issue before you invest then what is the point? As an individual you are simply a trustee for the tax office who will take when they need through taxation and give it straight to the banks in the form of a bailout, regardless of your nationality.

And then there’s the question of how do you make a physical gold bullion investment liquid without selling it? I’m sure you wouldn’t be pleased at selling it to raise cash at $5K if it then went up to $20K, or higher. Then you’d be miffed, and dare I say, skint.

Sometimes you need to take a big step back and take a wider view. There are better ways…

]]> By: Gold Party Barely Started http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-2322 Gold Party Barely Started Tue, 20 Oct 2009 05:13:31 +0000 http://www.runtogold.com/?p=607#comment-2322 [...] like GoldMoney which allows for physical delivery at anytime.  By all means, stay away from the problematic GLD or SLV ETFs if you are seeking [...] [...] like GoldMoney which allows for physical delivery at anytime.  By all means, stay away from the problematic GLD or SLV ETFs if you are seeking [...]

]]> By: The Coming Market Crash http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-828 The Coming Market Crash Tue, 28 Jul 2009 06:56:17 +0000 http://www.runtogold.com/?p=607#comment-828 [...]  Long physical gold, silver and platinum with no positions in the problematic GLD or SLV ETFs, S&P 500, DOW, NYT, GS, Berkshire Hathaway, Coca Cola, Proctor & Gamble, Bank of America or [...] [...]  Long physical gold, silver and platinum with no positions in the problematic GLD or SLV ETFs, S&P 500, DOW, NYT, GS, Berkshire Hathaway, Coca Cola, Proctor & Gamble, Bank of America or [...]

]]> By: Platinum Liquidity Increases http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-827 Platinum Liquidity Increases Mon, 27 Jul 2009 05:50:54 +0000 http://www.runtogold.com/?p=607#comment-827 [...] I have not thoroughly researched to determine if it has the same structural deficiencies as the GLD ETF, and both its holdings and volume have been increasing at healthy [...] [...] I have not thoroughly researched to determine if it has the same structural deficiencies as the GLD ETF, and both its holdings and volume have been increasing at healthy [...]

]]> By: Inflation With Gary North Or Deflation With Mish http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-842 Inflation With Gary North Or Deflation With Mish Wed, 08 Jul 2009 07:37:04 +0000 http://www.runtogold.com/?p=607#comment-842 [...] Disclosure:  Long physical gold and silver, indirect long interest in GIS and no position the problematic GLD or SLV ETFs. [...] [...] Disclosure:  Long physical gold and silver, indirect long interest in GIS and no position the problematic GLD or SLV ETFs. [...]

]]> By: The Land Of Plenty http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-822 The Land Of Plenty Fri, 03 Jul 2009 17:48:21 +0000 http://www.runtogold.com/?p=607#comment-822 [...]  Long physical gold and silver, indirect long interest in GIS and no position the problematic GLD or SLV ETFs, K, CAG, TSN or KFT but may be picking up some CAG or [...] [...]  Long physical gold and silver, indirect long interest in GIS and no position the problematic GLD or SLV ETFs, K, CAG, TSN or KFT but may be picking up some CAG or [...]

]]> By: Quantitative Easing By Fed Is Predictably Failing http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-812 Quantitative Easing By Fed Is Predictably Failing Wed, 01 Jul 2009 02:07:31 +0000 http://www.runtogold.com/?p=607#comment-812 [...]  Long physical gold and silver with no position the problematic GLD or SLV ETFs or [...] [...]  Long physical gold and silver with no position the problematic GLD or SLV ETFs or [...]

]]> By: Gold And Silver Coin Shortages Again | RunToGold.com http://www.runtogold.com/2008/12/a-problem-with-gld-and-slv-etfs/comment-page-2/#comment-813 Gold And Silver Coin Shortages Again | RunToGold.com Tue, 23 Jun 2009 08:00:36 +0000 http://www.runtogold.com/?p=607#comment-813 [...] am unaware of any gold or silver LBMA bar shortages with either GoldMoney or anyone else like the problematic GLD ETF which, under its prospectus, is not required to hold [...] [...] am unaware of any gold or silver LBMA bar shortages with either GoldMoney or anyone else like the problematic GLD ETF which, under its prospectus, is not required to hold [...]

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