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SPDR Gold Shares Message Board

  • fed_up_c_ws fed_up_c_ws Sep 12, 2013 10:36 AM Flag

    GLD Redemptions

    Goldcore is reporting the GLD is refusing the redemption requests of qualified investors. According to the prospectus, if you have at least 100000 shares you can redeem for bullion. Although bullish for gold, thats actually very frightening. Supposedly there are something like 55 paper claims on each actual ounce of gold these days. Hard to know what to believe these days.

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