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SPDR Gold Shares (O87.SI)

SES - SES Delayed Price. Currency in USD
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169.77-0.69 (-0.40%)
At close: 5:04PM SGT
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  • T
    Tom
    Why is there a clause in the GLD prospectus that states GLD has no right to audit subcustodial gold holdings? Why would the organizations behind GLD forfeit this right and create this glaring audit loophole? I haven't heard of a single good reason for the existence of this loophole so far. In addition to the audit loophole, GLD claims to be fully backed by physical gold bullion but yet it refuses to give retail investors the right to redeem for any of these ‘claimed’ gold bullion.

    CNBC's Bob Pisani also made a highly publicized visit to GLD's gold vault in a segment called Gold Rush: The Mother Lode. GLD's administration organized this visit to show that GLD's gold actually exists. However, the gold bar held up by Mr. Pisani showed a serial number of ZJ6752 which did not show up on the latest bar list during that time. It was later found that this "GLD" bar actually belonged to ETF Securities.

    Even on the subject of GLD's insurance, they are not at all straightforward about it. Their representatives will not confirm nor deny the existence of GLD's insurance. I recommend anyone curious about this to confirm via calling GLD's publicly listed number for general inquiries at 866 320 4053 and ask about this clause from the GLD prospectus: "The Custodian maintains insurance with regard to its business on such terms and conditions as it considers appropriate which does not cover the full amount of gold held in custody." Exactly how much of the fund is insured? They will not give you a straight answer and might even throw in some bizarre excuse which I've experienced. Why hide this information from investors? The people behind GLD do not seem like the most honest types.
  • J
    JohnW
    Buy the crypto currency now- Wall Street is buying cryptocurrency instead of Gold!

    Federal Reserve and Treasury are not printing a lot of coins now due to Bureau of Engraving & Printing factory in Fort Worth and Washinton D.C. are locked down now due to pandemic.

    The demand of coins are very strong. The substitute is the cryptocurrency coins.
    Wall Street are buying cryptocurrency as the substitute and cryptocurrency have the capability to record the balance of each coin. They do look like coins!

    The trend will go on even after pandemic id gone! Treasury Department may stop engraving coins one of these days and adopt the cryptocurrency coins as the substitute.

    That is why the cryptocurrency is rising up fast now!

    https://cryptoslate.com/stellar-enters-the-middle-east-becomes-first-cryptocurrency-to-gain-sharia-certification/
    The seventh-largest cryptocurrency by market cap, Stellar, gained global traction as a unique, decentralized value exchange protocol.
    The seventh-largest cryptocurrency by market cap, Stellar, gained global traction as a unique, decentralized value exchange protocol.
    cryptoslate.com
  • S
    Shlomo
    Take the physical Gold from the financial mafia´s vault thats the ONLY way to destroy them and to drive the Gold price higher . Buying worthless Ponzi scheme paper gold like GLD serves only the financial mafia because the physicals gold remains in their vault and your money remains in their financial system . The BIG Part of the Capital that moved to Gold is in worthless Paper Gold and NOT physical Gold and thats exactly the MAJOR ISSUE .The ONLY way to support the Gold price is to buy the Gold in physical form which is also better for you because you will own that gold while worthless paper gold will go bankrupt and you have NOTHING . Think about it guys
  • D
    Doodle
    People face it, in 2020 gold obsolete, a relic, this is not 1920. This is the age of high tech.
  • D
    Debra Shimkus
    If you listened to Joe....you would have lost a lot of money.
  • A
    Anonymous
    Holding GLD is too risky now! Gold price is decling and Wall Street is rotating their global assets and Fed is printing more money!

    The repetition of 2012 to 2015 time frame, Bitcoin ran up in a big way!
  • N
    Nope
    Ultimate scam. If gold is a hedge against paper currency then why are they taking your paper currency and giving you gold? Seriously, Ray Charles could see this scam,
  • S
    Steve
    its a buy bitcoin sell gold day
  • D
    Debra Shimkus
    Funny when Longs realize Joe is the shill.
  • D
    Debra Shimkus
    Don't catch falling knives. This is headed to 163
  • M
    Marco F
    Looks like the bull run is over. The dollar is weaker yet gold is dropping. Very perplexed
  • W
    William
    Dear Sec Janet Yellen, monetary policy needed to establish new digital dollar BACKED BY GOLD to compete against the GOLD BACKED digital Chinese currencies. If this is not done, then our Country's standard of living will frail from more inflation and less world acceptance of our currencies
  • W
    William
    Don't buy gold now, wait a few more months when it becomes worthless - pick it up off the streets for free. Piles of it next to firms that invest in bitcoin
  • D
    Debra Shimkus
    Bitcoin...the FED and CB back this. PMs are OLD MAN RELICS.
  • D
    Debra Shimkus
    Joe telling you to buy gold in December = Gold going to Crash in December.
  • W
    William
    Box A and box B have the same value. Box A has a piece of paper in it that says; You have one bitcoin, but it doesn't exist in reality - only in cybor space. Box B has a 10 oz gold bar in it. Which box would you want given a choice?
  • a
    a
    The gold vs BTC conversations are a waste. They should be on the same side. Seeing GLD manipulated is frustrating. It proves BTC is outside the system and has value. I wish the asset controlled the derivative price, not the other way around in regards to GLD. Take possession! Much like you don't leave BTC in the exchange, it goes in a hard wallet.
  • J
    Joe
    Commercial short contracts rocket up in the last 2 weeks. (see gold cot report) Without a doubt the Cabal is doing everything they can to suppress gold. Given the volume of their effort the drop the price was minimal. Let's pull the cover off their exposure. Buy gold cheapnon their dime.
  • D
    Debra Shimkus
    30K on the DOW cemented with 4 minutes to close.
  • l
    luis
    The dollar is down and gold down, bitcoin going up a lot. I think the message it’s clear here money from gold flowing to bitcoin.