Gundlach sounds alarm on ‘paper gold’ ETFs raking in billions

Bloomberg/Katherine Greifeld and John Gittelsohn

Repost from 4-4-2020

graphic image of boxing gloves with the words ETF vs Physical“[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.

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