My gold dealer says the same thing.
It seems hard to fathom.
Gold dealers have always said that and I am a big believer in physical gold, but the average investor doesn't have the money to buy physical gold. I am not as suspicious of the ETFs. There is a lot of gold out there. You've got to pay up. The ETF had worked very well. That would be a first class debacle if that happened. I've been very wise to it, that's why I say, I've checked with gold dealers. I can't own things now, but the one that I always used...Jim you're crazy to recommend the GLD, but that has been the sales pitch now for years from the gold dealers and I'm not buying it.
That's like the gold bug doomsday scenario.
Yeah. That's black helicopter stuff.