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SPDR Gold Shares (O87.SI)

SES - SES Delayed Price. Currency in USD
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158.74-1.66 (-1.03%)
At close: 5:04PM SGT
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  • D
    Debra Shimkus
    Gold falls more than the US Stock Market...so ask yourself...What it is the True Safe Haven :)

    Buy Bitcoin and US Equities. Much safer and has a better return than the Relics.
  • 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.
  • D
    Debra Shimkus
    Joe collecting cans to cover his margin call.
  • D
    Debra Shimkus
    Stimulus had "Zero" Impact on Gold prices. Looking at the FED balance sheet and recent stimulus shows no correlation between printing and Gold prices. The correlation was broken in early 2000.

    The new stimulus asset is Bitcoin and you can clearly see the correlation of Bitcoin and the FED Balance Sheet.
  • D
    Debra Shimkus
    Bank engineered rally in rates was designed to take down the RELLICS. Today was orchestrated to give it the extra nudge. I ask you Longs, why play a rigged game in this? Just buy US Equities and Bitcoin.
  • S
    Steve
    Dollar up again
  • f
    fd
    Buy physical Gold and Silver or PHYS, CEF, PSLV. GLD and SLV are bankers scams with no real gold holdings. Read the prospectus.....garbage etf's.
  • S
    Steve
    everyone screaming about debasing the dollar for months meanwhie gold is in a bear market lol
  • K
    King
    AMAZING PHYS is up while GLD is down.

    in a few days PHYS will buy more physical gold while GLD tries to pretend they hold physical.
  • W
    William
    Take note Debra; bitcoin is down about 7% pre market; BTC down about $3,500. Gold down 0.7% or $11 per oz. Which asset is holding better? Which asset is less volatile -? Which asset will be around in ten years - gold for sure - bitcoin unknown
  • O
    Open
    Spot gold will be slammed soon to the $1600s level. You cannot beat the bullion banks at this game because they hold all the cards for manipulation. That is why all the corporate treasuries, rich individuals, and "awake investors" are moving into Bitcoin. Bitcoin cannot be manipulated. Bitcoin cannot be printed into worthlessness.
    As more smart investors and even the common citizen realize this the sooner the US dollar and all world fiat currencies will go to zero value. Only then will gold and silver return to a real "market" value.
  • K
    King
    again reminders to buy PHYS and not GLD.
    PHYS will buy physical gold from comex while GLD will not.
    next take your delivery on comex if they try to pay you cash demand a large premium

    As you need it for industry not just making money from trading
    and let you roll to next month and use those premiums to buy physical if you can.
    If they refuse that excuse they are a failure of an exchange and blast them on social media and destroy their reputation.

    Promote competing exchanges as well to threaten their existence.
    GLD will follow gold after the fact because it doesn't buy any gold since they legally have to.
  • B
    Ben
    Gold has lost its interest
  • k
    k
    Going back to 140 retest if that fails back to 120.

    This is not gold, this is gld, a paper derivative. Crypto has taken too much buyer interest out of trading paper gold. Gold is becoming just fit for jewelry and not for making money. I don’t like crypto either but mob rule is law of the jungle
  • D
    Debra Shimkus
    Wow almost flat for the last 1 year. Powell is RIGHT....additional currency is not inflationary in the economy. Bitcoin is acting as the stimulus asset.

    Old Timer Relics who buy Relics learned a hard lesson. Your experience and wisdom mean Jack Ship
  • D
    Debra Shimkus
    Gold in a Bear Market. Has fallen almost 20% in a couple of months. Powell, keep printing and using that cash to short....it is working.
  • S
    Steve
    A runaway rally in global bond yields has delivered a fatal blow to gold,” said Edward Moya, senior market analyst at Oanda Corp. “Yields are rising on reflation bets, and that is triggering an unwind of many safe-haven trades.”
  • D
    Debra Shimkus
    Wow...Gold has dropped back to pre COVID levels. Money Printing for nothin and my CHECK FOR FREE:)
  • D
    Debra Shimkus
    Oh...O....Looks like you Longs are falling again. Is this reaching its intrinsic value of ZERO ("0") like every other ROCK?