It’s another one of those weird, late-2008 type of days for financial markets as the dollar, treasuries, and gold bullion are about the only things going up. Adding to the intrigue is the fact that, yesterday, the inventory at the popular SPDR Gold Shares ETF (NYSE:GLD) reached a new all-time high as indicated below.
After leveling off in recent weeks at about five or six tonnes above the old highs from last June, a mark that was approached in late-December before falling back again early in the new year, the new total of 1146.5 is now well clear of the old highs with more additions likely to come, given what’s happening in markets today.
Full Disclosure: Long gold coins and GLD at time of writing
![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
Tim,
I’m sure a wise man like you know that most of these
TONNES IN THE TRUST don’t really exists.
Do you really believe that a monkey deliver 6 tonnes
for the purpose of GLD ETF on monday???
You know, as I know, as Mr Paulson know, that the delivery never happened….
Instead of adding to your position in GLD, you have the power to
skyrocket the price by asking physical delivery.
Please think about it. You are a smart thinker.
I like physical gold much more than any of the paper varieties and strongly recommend that individuals buy it before buying any of the ETFs, ETNs, etc. Also, see:
http://www.24hgold.com/english/news-gold-silver-gld-conspiracy-theories.aspx
I was under the impression that owners of GLD could not ask to take delivery, that a position in GLD is in fact, an non-collateralized loan. Am I missing something?
As I recall, you can take delivery from GLD, but only in very large quantities.
SELL 20% OF YOUR GLD AND THEN BUY PHYSICAL, WHILE YOU (STILL) HAVE A CHANCE.
Why is the gold delivered by a monkey…how secure could that be ?