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Introduction to Silver and Gold Stocks and ETFs

from Silver Fortune:

Investing in physical precious metals is nearly always a good investment choice for nearly any investor. However, for an individual that already is invested in physical assets, silver and gold stocks and ETFs give you the opportunity to earn a larger return on your investment than you would yield with solely physical metals. Of course, these stocks and ETFs also come with increased risks. This serves as a primer to investing in these stocks and ETFs, and covers GLD, SLV, GDX, and more.

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1 comment to Introduction to Silver and Gold Stocks and ETFs

  • Robert

    “This serves as a primer to investing in these stocks and ETFs, and covers GLD, SLV, GDX, and more.”

    I’ve been trying to do my due diligence into the SPDR Gold Trust (GLD). Anyone know why there is a clause in the GLD prospectus that states GLD has no right to audit subcustodial gold holdings? Why would the organizations behind GLD forfeit this right and create such a glaring audit loophole? I have not heard a single good reason for the existence of this loophole thus far. It also doesn’t help that GLD claims to be fully backed by physical gold bullion but yet it refuses to give retail investors the right to redeem for any of these ‘claimed’ gold bullion. There are a number of other red flags as well from what I’m reading:

    “Did anyone try calling the GLD hotline at 866-320-4053 in search of numerical details on GLD’s insurance? The prospectus vaguely states “The Custodian maintains insurance with regard to its business on such terms and conditions as it considers appropriate which does not cover the full amount of gold held in custody.” When I asked about how much of the gold was insured, the representative proceeded to act as if he didn’t know and said they were just the “marketing agent” for GLD. What kind of marketing agent would not know such basic information about a product they are marketing? It seems like they are deliberately hiding information from investors.”

    “I remember there was a well documented visit by CNBC’s Bob Pisani to GLD’s gold vault. This visit was organized by GLD’s management to prove the existence of GLD’s gold but the gold bar held up by Mr. Pisani had the serial number ZJ6752 which did not appear on the most recent bar list at that time. It was later discovered that this “GLD” bar was actually owned by ETF Securities.”

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