2/8/10 Another Reason I Dislike The Gold And Silver ETF’s

Precious Metals Market Analysis, By Michael Pennington (Copyright 2010 Pennco Coins)

It is no secret I dislike the Gold and Silver ETF’s with a passion. If you read any of my archives on this subject you will see many articles I’ve written on this subject. The bottom line is that they take money away from going into physical metal when Gold and Silver prices are going up. When Gold and Silver prices are declining the ETF’s sell “paper” metal into the market to help accelerate the decline. Think about it for a minute, ETFs are listed in one country, the management resides in a second — and the commodity or securities are held in a third.”
The sucker’s money comes from a fourth and the agreement is to adjudicate in a fifth.

Oh yeah your money is safe! Can you say “Ponzi”!


About Pennco Coins

Pennco Coins
This entry was posted in Dollar, Federal Reserve, Gold, Gold to Silver Ratio, Palladium, Platinum, Silver and tagged , , , , , , . Bookmark the permalink.

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