BUYING WORTLESS PAPER GOLD LIKE GLD MEANS YOU HATE GOLD
I don't hate gold. I own physical for long term but use the GLD as a daily trading vehicle. I could care less if it's backed up with anything more than sand. It's not an investment but a trade that has worked very well for me though calls and puts. Anyone that thinks the GLD is a long-term investment should not even be trading securites.