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<p>[QUOTE=&quot;rush2112, post: 905706, member: 25570&quot;]I never mentioned once GLD was dishonest,I have no doubt they have allocated gold to back up there funds.It&#039;s some of the other Gold ETF&#039;s which may not be the best way to invest in Gold.</p><p>To simplify The ETF Daily news can explain it better than I can.</p><p>&nbsp;The ETF is vulnerable and so are you.Because you are not actually investing in any tangible gold bars, the system is vulnerable to economic collapse. If a rough patch hits the economy, your ETF is likely to suffer. Since you do not have a tangible product, you will be left holding the economic damage and nothing else. </p><p>The Gold ETFs put you at a high risk of fraud.&nbsp;&nbsp; </p><p>Simply put, with no required bars of gold to invest in, you are putting your trust that any gold exists into accountants and other individuals whose solitary goal is to make a profit off of you. Some of these individuals might be worthy of your trust, but many are not.&nbsp;&nbsp; </p><p>Without any tangible product, it becomes very difficult to separate which of your associates trying to sell you Gold ETFs belong to the trustworthy category, and which belong to the fraudulent category.[/QUOTE]</p><p><br /></p>

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