Tuesday, October 30, 2012

Gold ETF Holdings Climb to New Record

Money is starting to flow. The demand to hold cash is falling, as witnessed by housing prices and the climb in ETF gold holdings.

Note: You are much better off holding physical gold than ETFs. ETFs often hold synthetic gold instruments, which may not be deliverable in a crisis. Be smart, own actual gold and take delivery.

1 comment:

  1. If there are knowledgeable gold lovers out there, pls tell me if you think PHYS is OK.
    I don't want to hold a lot of physical. I know GLD is considered a sham. Not sure if SGOL is good or not. But I'm told that you can exchange your shares of PHYS for physical gold (assumes no breakdown of civilization).