IAU,GLD and all other papergold scams are pure ponzi schemes created by Bankster to keep the people away from Physical Gold and to hold the people´s money in the Bank .The one and only way to help the goldprice moving higher is to buy the gold in physical form to reduce it from the Market .
Dont let the Banksters mislead you because they benefit from this corrupt financial system thats why they bashing and manipulate the goldprice in the hope to scare people away from physical gold and silver . They hate to see the people taking their money from the banks to buy physical gold and silver because these money is not more available for them to gamble with it .If the mass people would take their money from the banks to buy physical gold then the Banks would go Bankruptcy which would be the end of this financial system and thats the main reason why the Fed and Bankster tried everything to hurt the goldprice .
Physical gold and Silver is not an investment its a safe haven to protect your savings from upcoming currency reform or paper money collapse .
PS: I strongly recommend to read the Prospect of this Scam very closely and then you will run for the hills .
Sentiment: Strong Sell
You are correct. But when gold reaches $5,000 per ounce GLD will be around 450 and I will take that relative gain in US dollars or possibly a more stable curreny without having to worry about crooks and the US government (can be once in the same) confiscating my physical gold, or paying fees to have an entity to store and protect my physical gold which delays it liquidity.