Message:

<p>[QUOTE=&quot;rush2112, post: 903232, member: 25570&quot;]<b>Gold ETF&#039;s and certificates / no gold just numbers</b></p><p><br /></p><p>From what I have read,most these ETF gold funds only have 1 oz per every 100 paper oz&#039;s they sell.It&#039;s ironic that people run to these gold ETF&#039;s for security when in reality the end result is still paper.I think it&#039;s a scam for these gold fund&#039;s to charge storage of something they don&#039;t even have.All they are storing are numbers on a computor screen.Scotia bank here in Canada sells gold certificates but it clearly states that they don&#039;t have to redeem them in gold but paper money backed up by the assets of the bank.If there is ever a run on this paper gold the price of could skyrocket.Backing these certificates with out the actual gold tells me that there is a true shortage.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in