SKOL
As a rule I don't read your posts but I accidentally read one and I am stunned at your lack of understaning about what will happen if ETF's run out of GOLD. I guess youre a bit desperate seeing the DOW is still down about 600 points.
It will be a run on the Bank, the banks dealing through the COMEX and ETF's.
If their is no GOLD left in the ETF's and COMEX, what do you think will happen to the POG??
Will it crash because of huge demand that bought all the GOLD??
The COMEX and GLD may well go to zero but that is not the POG, it is the shares in an ETF and I thought everyone understood that but apparently their is still some like you who still haven't quite grasped the idea yet that if they run out of GOLD the price of the Physical stuff will jump.
Just like any other commodity if the dealers run out then the price jumps.
I cant believe that you don't understand the GOLD leaving the GLD is being bought not lost, not given away, not disappearing into the ether, it is being bought by organisations and quite possibly China because it is cheap.
Oh well I hope not to read any more of your posts any time soon.
