Siameseparrot is setting up a Gold ETF which will reflect the Australian dollar gold price. Each unit traded in the Siameseparrot Gold ETF will represent one tenth of an ounce of gold.
Everyone is welcome to buy and trade these pieces of paper in the Siameseparrot Gold ETF. Noone of course will be allowed to surrender these pieces of paper to collect any gold because all you will be trading will be pieces of paper that are fundamentally worth nothing.
The Siameseparrot Gold ETF is a nice fantasy game of trade and pass the parcel of worthless pieces of paper ultimately backed by absolutely nothing.
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