Loading ...I’m going to have to listen to that video again because he knows it so well he sometimes doesn’t explain it too well, kind of leaves things out. I’m aware of the scams with supposedly holding gold they didn’t have any hope they were held accountable and reimbursed.
He tried to explain they will deliver amongst banks to other banks but not to individual investors of the ETFs. So if there is mismanaging and something goes wrong you find you don’t really own not just the gold but the shares either. So they could if they wanted buy up the gold with your money and if they got called out or something went wrong they get a fine at the most and keep the rest for themselves. Either way you don’t really own the gold or the shares. The system is not set up to protect the share holders. It’s basically set up to profit off them. It needs to be changed or shut down. The sec could fine them but it goes in their accounts not the investors.