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Thread: HSBC Gold ETFs
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Old 20th Sep 2012, 03:52
  #7 (permalink)  
crwjerk
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Remember, buying into an ETF is the same as buying shares of a trust owned by the biggest C's of them all, the BANK...!! Not backed up by any physical gold at all, the price can do the total opposite to the gold price and can easily go to nothing when everybody decides to sell up. The US "fed" has just delivered open ended QE3 which will ensure further destruction of the economy, so as AAIGUY said .......STACK IT UP.....!!! It will become real "money" again soon, as the World economies crumble and they naturally revert back to gold and silver as money.