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Mark H
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Misconceptions about Gold

- Mish - Global Economic Analysis

I agree w/Mr. Roache. Unless you have the gold or silver bullion IN YOUR HAND, you have counterparty risk. ETFs with a few exceptions (CEF & Sprott's products come to mind), have significant counterparty risk. Gold has been created out of thin air, and it is called GLD. Don't confuse it with the real stuff. As Max Kaiser says: "Got Phyzz?"

Commented 4483 days ago

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Beginning of the headline :Few markets are as widely misunderstood and subject to so many misconceptions as gold. Many of those misconceptions stem from gold's dual role as a commodity and money. This post will attempt to clear up some of those misconception with a few facts. Let's start with one key fact. Gold is Money Gold is Money... Read More

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