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ETFS gold back ETC in London

With respect to the 6 monthly auditing, is it the physical gold or just the certificates that are audited? Can the physical gold be leant out?

Posted by: Richard Hunt

18 Dec 2009 | 14:42
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Time to get PHYSICAL!

One more way for the banksters to off load some of these fake 400oz LMBA bars to the stupid lazy investor. Bullion investment is about PHYSICAL HOLDINGS nothing more nothing less. You have been forewarned!

Posted by: Calif Dreaming

18 Dec 2009 | 17:48
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Unreal

I cannot understand how they are able to get away with more of these gold ponzi schemes.. that's all they are.. people need to smarten up and buy the physical and not the fake paper. I wonder if and when gld's storage facility will ever be audited.

Posted by: Kris

18 Dec 2009 | 22:20
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ETF gold - paper gold

ETF is a good way for greedy banksters to distort market. They could possibly flood the market with bogus gold to suppress its price

Posted by: Joe

19 Dec 2009 | 07:50
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ETFS launches gold backed ETC in London

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