What is investment295 motivation for this scam post for about a year?
The sponsor of this GLD ETF Is the World Gold Council.
WGC is comprised of 20 global gold mines. Their motivation is making and selling as much gold as possible for the highest price. Why would they sponsor a fund that isn't 100% gold backed?
Dollar is backed by you and me friend.
So you may be a Ponzi scheme, but I am not
The sponsor of this fund is the world gold council
20 global gold miners
ALL they care about is mining gold and selling it
Maybe this bozo in Australia has the error in his spread sheet
So Shemp is accusing 20 gold miners of running a fraud. What is his motivation?
WGC is sponsor of this ETF.
So basically you accuse the WGC of running a gold fraud, as they are the "sponsors" of this fund. Actually, they are the sole owner of world gold trust services that is technically speaking the sponsor. you get the idea
Why would these guys have ANYTHING to do with something that isn't 100% backed? They also endorse BullionVault. Is that a short selling fraud too??
from their website:
The World Gold Council’s 20 Members are some of the world’s most forward-thinking gold mining companies. They are headquartered across the world and have mining operations in over 50 countries.
Our Members share our vision of ensuring a sustainable gold mining industry, based on a deep understanding of gold’s role in society, now and in the future.
We support our Members by stimulating demand in new and existing markets through research, insight and partnerships with leaders in investment, jewellery, industry and academia. We work across the entire supply chain, from sustainable and responsible gold mining through to the consumer marketplace.
You four stooges are desperate bogus scammers for who knows what reason.
I think even a reefer mad stoner like u realizes a big diff between 1.5% and empty.
So why does the world gold council manage this fund if not buying physical gold???
WGC owned lock stock and barrel by gold mines.
All they care about is mining gold and selling it at the highest price
Toke on that
So Shemp Shermiegold refuses to answer one simple question cause he cannot
Why does the world gold council associate with GLD if they're a fraud as Shemp proposes.
Sub custodian are temp deals
Just till transport to HSBC vault. How do u audit that?
Shermiegold just desperate cause it's so implausible for WGC to back a non 100% backed product
Gold mining is WGC biz. That's it
Here is how that discussion ends in bold: " We expect the anomaly to correct itself soon and suspect it is most likely due to under-staffing during the holiday period."
The higher price is their selling price to you. The lower price is what you can sell to them at
current AMPEX buy price for buffalo is 1336.40 vs 1303.10 spot
the ask sell side is 1358.59
looks like they increase the bid discount in down markets
which makes total sense
I'm giving you all thumbs up guys.
Sunday night I look forward to a DD gold is crashing overseas post. Couldn't sleep well without it. I used to check, now I don#$%$ like a bed time story Todd.
World Gold Council stats all countries CB official holdings from 1Q2008 to 1Q2014
As you can see, sellers in 2008, and didn't start to load till prices higher. Definitely dumb money like mp15loser
26,743.78 26,674.88 26,640.52 26,639.11 26,605.38 27,036.88 27,080.33 27,359.07 27,400.12 27,429.63 27,500.11 27,538.36 27,663.88 27,730.08 27,800.39 27,922.78 28,019.79 28,095.09 28,219.51 28,368.66 28,491.54 28,569.58 28,654.06 28,727.22 28,700.18
PS I went to AMPEX, only pay you $33 over spot for Buffalo
So 60 minus 33 is 27 per oz
So that cuts the premium to 2.1% or $1458
and that's not adding shipping and insurance to AMPEX. Your local gold shop probably pays you under spot, right?
Further assumes AMPEX premium is fixed. In a down market, my guess is they yank the premium and pay a discount. I would
For a transaction you could get done for $9 from a discount brokerage
Like I said, gold love to waste fiat