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Profile and commentaries of ChrisR13
ChrisR13
Member since November 2016
Followed by 0 memberFollows 0 member
6 commentaries, with 0 Reply
0 reply to his comments (0%)
Average Note : 67 / 100 for 2 rated commentaries  2  1 
Last commentary posted on Wednesday, May 10, 2017
 
 Profile Commentaries Followed By Following 
 Andy Hoffman - Miles Franklin
It’s All About Reality  (1)
Very insightful, thanks Andy. It is a shame that the paper gold market dictates the gold price and will likely continue to do so for the foreseeable future. Last I heard, there was an estimated approximately 400 ounce of paper gold to every ounce of physical gold. This might have changed by now but I don't see this ratio getting any smaller.
5/10/2017 at 11:00 PM  1  1  Rating :  0 Permalink
 Bullion Vault
Trump Fan John Paulson Cuts GLD Gold Investment as Inflation Hits 5-Year High
Paulson still owns 4.3 million shares but don't forget GLD allows its biggest holders to redeem for the underlying physical gold but everyone else is left holding the bag. Paper gold GLD claims to be fully backed by physical gold bullion but yet it refuses to give your everyday investors the right to redeem for any of these ‘claimed’ gold bullion. This fact alone would mean GLD shares are nothing more than paper...
2/15/2017 at 11:22 PMPermalink
 Bullion Vault
Gold Price Gives Back $10 Pop as Italy Austria Votes Loom, Korean Won Rallies
"With gold prices gaining $10 from $1183 yesterday only to give them back today, the giant SPDR Gold Trust (NYSEArca:GLD) ended Monday with the amount of gold bullion backing its shares unchanged from Friday, stemming 11 sessions of outflows from the major gold ETF investment vehicle, the longest stretch since gold's spring 2013 price crash."

How reliable are GLD's holding reports? GLD does not give ret...
11/29/2016 at 8:28 PMPermalink
 Bullion Vault
GLD Adds 1 Week of World Gold Mine Output to Supply Since Trump's Win, Price Steadies on Thanksgiving
"Bullion held to back the value of shares in the SPDR Gold Trust (NYSEArca:GLD) shrank another 13 tonnes Wednesday as gold fell back to its 2013 crash low and investors quit the exchange-traded fund, taking its total holdings to a new 5-month low at 892 tonnes."

How reliable are GLD's holding reports? GLD does not give retail investors the right to redeem for any of its mystery physical gold holdings. T...
11/24/2016 at 10:12 PMPermalink
 Bullion Vault
Giant Gold ETF the GLD Shrinks Fastest Since 2013 Crash on Trump's 'Positive Growth' Policies
GLD definitely seems a bit sketchy.
11/15/2016 at 10:52 PMPermalink
 Bullion Vault
Giant Gold ETF the GLD Shrinks Fastest Since 2013 Crash on Trump's 'Positive Growth' Policies
"That cut the GLD's backing to 928 tonnes, still 45% above end-2015's seven-year lows, but the smallest holdings since June's UK Brexit referendum result."

How reliable are GLD's holding reports? GLD does not give retail investors the right to redeem for any of its mystery physical gold holdings. This fact alone ensures the GLD shares to be nothing more than paper at the end of the day. GLD also has a g...
11/15/2016 at 10:52 PM  1  0  Rating :  1 Permalink

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