Gold ETF redeemable for Gold Bullion?

ancona

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For my purposes, all ETF's are ponzi schemes, designed to draw in money with the shine of imaginary gold or silver which is held as a small fraction of total deposits. They are then free to gamble with that cash as they see fit. simply reading the prospectus of the big ETF's is enough to scare off anyone.
 

DCFusor

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Sprott's physical etfs are redeemable in the metal and keep 98% of their assets in the metal in vaults in Canada. Not that they are immune to ???, but they seem pretty real as these things go. PHYS and PSLV. They don't track spot as well as the all-paper ones.
 

ancona

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I shopuld have prefaced my comments, as I presume all the folks here are aware that the ONLY ETF's to be fully backed are PHYS and PSLV. The rest are horseshit.
 
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