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07/17/2009

Are ETFs Like GLD and IAU Ponzi Schemes in Disguise?

This week, I read a brilliant, yet alarming piece of research by Adrian Douglas of MarketForceAnalysis.com called "The Alchemists" in which he explains, based on the COMEX's own documents, how futures contracts can be settled, not with physical gold from the COMEX warehouse, but with paper shares in Exchange Traded Funds like GLD and IAU. click the player above to hear the whole story or download the mp3

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