Gundlach sounds alarm on ‘paper gold’ ETFs raking in billions
“[DoubleLine Capital’s Jeffrey] Gundlach said, and buyers should be aware that holding shares doesn’t amount to having gold bars. ‘What happens if physical gold is in short supply and everyone wants to take delivery of their paper gold?’ Gundlach said. ‘They can’t squeeze blood out of a stone.'”
USAGOLD note: Gundlach hoists the same red flag we have raised often on this page. Gold ETF’s are a price bet. Gold coins and bars are a safe-haven store of value. And never the twain shall meet.
Repost from 4-4-2020