GOLD 0.51% $1,391.7 gold futures

"ETFs to Shares, a New Trend? Yes, that flies in the face of the...

  1. 24,765 Posts.
    "ETFs to Shares, a New Trend?

    Yes, that flies in the face of the very public get-outs of gold ETFs by famous socialist-leaning currency manipulators (read George Soros), but we had to note in Mr. Soros? 13-Fs that he more or less traded his gold ETFs for mining producers."

    Frpm the 22nd. May edition of the Got Gold Report at http://www.gotgoldreport.com/2011/05/got-gold-report-gold-miners-signal-support-.html

    My comments:

    This tells us a few things.

    1. How the financial media was anti gold by telling us only part of the story - that Soros had sold out of gold.

    2. Soros sees better value in gold shares compared to physical gold and is getting set.

    3. Soros's lawyers have obviously read the ETF prospectus. If there are any issues about an ETF actually holding all the physical gold it claims to hold one would not expect someone like Soros to be heavily invested in that ETF when these issues become mainstream.

 
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