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“The SPDR Gold Shares (GLD) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. GLD was launched on Nov 18, 2004 and is issued by State Street.”
When the Derivative’s SHTF, so does all the other phony pretenders, and that means you get to have a look at what you have been counting as your wealth ….which wealth begins with a $0 and ends with a zero, and you own everything in between….which is $0! You’re playing in the Casino Bro!
Please, if you haven’t already done so, just go out and buy the real thing’s…silver and gold…the ones you can hold in your hand and actually use to buy something when TSHTF. SNG
The Greg Hunter post with Steve Quayle does an excellent job of explaining the difference IMO.
All The Best From SNG!