TO Take the fifth in America means you refuse to answer as the answer may incriminate you
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TO Take the fifth in America means you refuse to answer as the answer may incriminate you
The Economist has published an article on ETF's and wonder whether they might be the cause of the next meltdown.
Here's a part of it on gold ETF's and whether the market may become 'disorderly'.
A linked problem is the tendency for ETFs to be the main way in which investors seek exposure to some asset classes, notably gold. Once upon a time gold bulls had to pay a hefty markup to buy coins or had to purchase shares in gold-mining companies and hope that the management was competent. But gold ETFs have been hugely popular, seeing inflows of $12 billion in 2009 and $9 billion in 2010. The largest gold ETF holds more bullion than all the world’s central banks except those of America, France, Germany and Italy. The IMF also has more. The surge of interest in gold ETFs has been encouraged by (and may have in turn contributed to) a rise in the bullion price. If investors lose faith, the market may become disorderly as they scramble to take their profits.
2.2 trillion bailouts where did it go??
www.youtube.com/watch?v=Y5OwtGSLWx0
where the USA debt is at the moment
http://www.youtube.com/watch?v=0oeg3...eature=related
Ron Pauls view on gold,
http://money.msn.com/money-video/def...lay:tag_recent.
,just another "goldbug nutter " skol?
Ah, Skol, your faith in paper is touching.
POG up = USD down,so people who are in love with the USA hate even the thought of the POG going up.