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<p>[QUOTE="Smitty, post: 1371226, member: 35044"]I've found that SLV & GLD are good proxies to track spot prices. Kitco's or APMEX's spot charts show the same correlation. They're just not as convenient for comparisons as Yahoo's.</p><p><br /></p><p>Yes, no doubt there's a lot of controversy about the suspected shortfall in paper vs. physical with these ETF's. Most hedge funds, including Soros, Paulson and Cooperman have been in GLD, so I figure they've done a lot more due diligence than I ever could. Even so, there's a lot more "paper" gold than physical, with Sprott's fund being the only one that's verifiable. However, Sprott usually has a monstrous premium. So I use GLD to "trade." If we reach a point where it looks like TEOTWAWKI is imminent, I'd back off the ETF's. You just don't want to get caught without a chair when the music stops.[/QUOTE]</p><p><br /></p>
[QUOTE="Smitty, post: 1371226, member: 35044"]I've found that SLV & GLD are good proxies to track spot prices. Kitco's or APMEX's spot charts show the same correlation. They're just not as convenient for comparisons as Yahoo's. Yes, no doubt there's a lot of controversy about the suspected shortfall in paper vs. physical with these ETF's. Most hedge funds, including Soros, Paulson and Cooperman have been in GLD, so I figure they've done a lot more due diligence than I ever could. Even so, there's a lot more "paper" gold than physical, with Sprott's fund being the only one that's verifiable. However, Sprott usually has a monstrous premium. So I use GLD to "trade." If we reach a point where it looks like TEOTWAWKI is imminent, I'd back off the ETF's. You just don't want to get caught without a chair when the music stops.[/QUOTE]
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