GLD is a paper ponzi scheme designed to divert money away from physical gold and into J.P. Morgan paper!
GLD does own physical gold, you are a misinformed person. But there are lots of misinformed people with keyboards ):
Read the prospectus they are not obligated to own physical gold, they can lease gold, or buy future contracts or derivatives.
Wrong.... Physical gold is housed in London.... For gld
Do your own dd BuT don't listen to this crackpot!