Thread: Gold Buying
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Old 22.09.2010, 13:26
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Re: Gold Buying

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About "the amount of ETFs issued for gold against actual physical gold."
I read somewhere that the amount of gold based paper around is about 100 times the amount of physical gold. Sounds like a disaster waiting to happen

Isn't is so that ETFs must have same amount in phys. metal, and even be prepared to deliver in case someone wants it!?
Check for ex. ZKB metal site.
Maybe your statis. is interpreted differently, like amount of dealing of ETF is much more than buying phys. one.
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