GLD, the “gold-ETF” I’ve posted on previously, is now trading on the NYSE. But James Turk raises some questions, such as, what are you really buying when you buy GLD? {C}”People who might have otherwise bought physical gold coins or bars, but wanted the same thing with more convenience, could be misled into thinking that they are buying physical gold by investing in the shares of GLD. But given GLD’s loose custodial controls, there is no certainty that the investor is actually buying gold bullion in the form of an exchange-traded security”
Where is GLD’s Gold?
