gld lost another 4.5 tons, page-4

hercules,

Yep, 852 tonnes to go, and that's only 1 ETF, there's plenty of others.
A book I have here spelled out the dangers of ETF's and what might happen in a panic as everyone tried to exit the picture theatre at the same time. The author believes that ETF's have contributed to the bubble in gold and could be ruinous on the way down.

I'm absolutely certain that the word has spread to the inhabitants of the central Gobi Desert by now that gold's a lousy bet as the 'aunties' lick their wounds.

Quote:

'The price of gold may fall to its long-term average - well below $700 an ounce.