Relevant:
- Aaron Krowne: "Move Your Savings Into A Credit Union, Avoid Gold & Silver Bullion ETF's Due To Counterparty Risk" (Interview)
- Consistent Counterparty Risk Check-Ups are Key to Sustained Mortgage Banker Profitability
- Commodity exchanges can dump gold debts on ETFs
- The Truth About Gold and Silver ETFs
- Are Traders Demanding US Credit Default Swaps Payable in Gold?
2008-12-14 — runtogold.com
Alternative forms of holding allocated gold bullion exist that are affordable, secure, convenient, trustworthy and not subject to counter-party risk. For these reasons including (1) the quality of the gold is at issue, (2) no audit of the physical metal is permitted, (3) counter-party risk impregnates the investment vehicle and (4) there are strong conflicts of interest with complicit players in the central bank gold price suppression scheme; GLD and SLV appear impotent in reducing inflation or counter-party risk.
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