Course as you and I both posted…obviously not just GLD but SLV. 🙂
Then there are all the ETF tools like GDX and GDXJ that are used to keep our shares in check.
and THEN…there’s NUGT and JNUG…don’t you find it interesting that just before the shares may be beginning to launch, NUGT and JNUG all of a sudden decide to become 2 x’s ETF’s instead of the 3 x’s ETF that have been soaking the longs for all these years. Thereby withholding potential profits of shareholders once again?
I’m not sure about the Sprott Funds, CEF, etc. and their commitment to backing the shares with metal as well as delivering. What happens if the price of their funds keeps rising but they are unable to get the metal to back it?
Sorry, I much prefer to hold metal buried on my property where I can access it with a $10 shovel.