Given the performance of GOLD.etf vs our aussie gold paper...

Given the performance of GOLD.etf vs our aussie gold paper scrip: Is there any wonder that ETFs have 'siphoned' money from the miners?

I have checked: gold in the GOLD etf aussie listed fund is completely allocated and seperate from any dealings that may go on by the custodians. ETF Securities is not involved in shorting their metal, or lending it or anything. All they do is charge you a sum (in effect) for managing the gold.

But I realise that - like any investment - there is a degree of trust. some people do not trust GOLD.etf or for that matter (unless some people have changed your mind) the Perth Mint, so what's the point of asking questions about ETFs etc when some people simply won't take any notice of anything other than unsubstantiated hearsay?

I suspect the point is that some people simply want to defame a valid form of gold investing that is beating the miners (at a time when many think that the miners should be winning)