GLD the Gold ETF - Buyer Beware and the new gold scandal

Information has been made public that follows up on a recent discovery made in Hong Kong of gold plated tungsten being on deposit at a repository that was supposedly LMBA good delivery gold. What it says is shocking. IF fully true, the consequences will be harsh for holders of the ETF and others. READ the Prospectus.

Category:

Education

Tags:

• gold
• silver
• ETF
• spyker metals
• spyker consulting
• JM Schuler
• Jeffrey M. Schuler
• gold scandal

[frontier1701]

Jeff... What about the Swiss ETF's SGOL and SIVR???

[jeffspyker]

the report I read and what I saw only spoke on GLD

[debtinterest]

how is this gonna affect gold market? if they can just make gold bar with tungsten, then gold price can be suppressed indefinitely!!

[jeffspyker]

prices will go up as what is seen as supply will vanish, again, if its all true. also, gold bars can be checked with spectrometers and other methods. this "gold" was apparently smelted and made into bars 15 years ago. Also, the seller/smelter was supposedly above repute. The thing here is that if this has legs, it will get ugly. I am curious to see how it plays out - however, the big thing to me, and the purpose of the video is found on page 11 in the GLD prospectus and THAT is unseemly enough

[jeffspyker]

Also, note that the video is NOT recommending the sale of any ETF and, the information cannot be guaranteed. However, the source information is public and derived from someone with a solid track record. Look for yourself, please. That is all I can say.

[jeffspyker]

I am not so sure they had that affect, or do. Just look into this if you own GLD.

[debtinterest]

they own no physical gold and silver... I bet when gold and silver become bubble, there is gonna be a scandal!!!