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Message:: [QUOTE="Info Sponge, post: 904798, member: 20538"]OK. Basic critical thinking: is it sourced? Is it relevant? Is it consistent with other information? Sources are a mixed bag. It's got prize non sequiturs like "GLD's gold is located in London, where most  the world's gold leasing occurs. ". It's inconsistent with other information, for example claiming that the gold has never been audited when Deloitte Touche audited the entire financial status, a fact available online in the 10-K. Some points about storage and acquisition that I'll keep an eye out for more information about, but for which the quality of that article doesn't justify investing my time. Nor does even that article support a flat statement that GLD is issuing shares representing 100 ounces of gold for every ounce they have in storage. People selling scare stories should get the same skepticism and review as people selling gold investments. Your brain is more important than your safe: apply due diligence before putting things into it. Now, refocus the attack to saying that GLD doesn't meet all the needs of the sort of people who store physical at home, and you're on solid ground. If the stock exchanges and/or the banking system is closed or collapsed, GLD shares won't help you. But that's not the same as an accusation of fraud based on so little foundation it wouldn't get an indictment. (Better sources include Bron Suchecki at goldchat.blogspot.com, he lists his credentials and background.)[/QUOTE]