“The precious metals market has been rocked by the twin bombshells of Andrew Maguire’s emergence as a “whistle-blower”, along with Jeffery Christian’s stunning admission that the bullion-banks had leveraged their dwindling bullion by an insane 100:1. While there are numerous repercussions to these revelations, perhaps nowhere does this news have more of an impact than with the bankster-frauds known by the symbols “GLD” SPDR Gold Trust ETF (NYSE:GLD) and SLV” iShares Silver Trust ETF (NYSE:SLV),” Jeff Nielson Reports From Bullion Bulls Canada.

Nielson goes on to say, “Regular readers are familiar with my strident criticisms of these paper-bullion funds. There are numerous bases for challenging their legitimacy, but the place I usually start is to point out that the same bullion-banks who are the supposed “custodians” for all this “bullion” also have gigantic short-positions which (by remarkable coincidence) are very similar in size to the total (alleged) holdings of (GLD) and (SLV). While defenders of these fraud-funds point to “audits” which supposedly “prove” that these funds are properly backed, as I have pointed out before, those audits are nothing but a bad joke. There are two problems. First, while the ETF “bullion” may be audited, the short positions of the bullion-banks are never audited. Thus, all that has ever been demonstrated by these audits is that the bullion banks may hold enough bullion to cover either the short positions or the “custodian” agreements.”

“As I have maintained, time and time again, it is naivete of the highest order to believe that if the banksters were given the choice of honouring their custodian agreements with the bullion-ETF’s or “covering” their own short positions that the banksters would choose to prop-up the bullion-ETF’s. If you don’t believe me, ask the clients of Morgan Stanley: who sued that fraud-factory after discovering that when they instructed Morgan Stanley to purchase bullion for their accounts that it only pretended to do so. However, even though Morgan Stanley only “bought” pretend-bullion for those accounts, this didn’t stop it from charging its customers real “storage” fees. To believe that the same banksters who cheat their own clients without thinking twice would protect the anonymous third-parties holding (GLD) and (SLV) is merely wishful thinking,” Nielson Reports.

See The Full Article On This: HERE (Recommended)

Investors have turned to gold ETFs since the economy has been in uncertain times.  They offer a great way to protect you against risk in your portfolio during uncertain times. We have put together some details of the ETF options for your viewing below:       

LONG:       

The investment ETF (NYSE: GLD) seeks to replicate the performance, net of expenses, of the price of gold bullion. The trust holds gold, and is expected to issue baskets in exchange for deposits of gold, and to distribute gold in connection with redemption of baskets. The gold held by the trust will only be sold on an as-needed basis to pay trust expenses, in the event the trust terminates and liquidates its assets, or as otherwise required by law or regulation.       

The investment ETF (NYSE: GDX) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the AMEX Gold Miners index. The fund generally normally invests at least 80% of its total assets in common stocks and American depositary receipts (ADRs) of companies involved in the gold mining industry. The fund is nondiversified.       

The Funds ETF (NYSE: GDXJ) investment objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index (the “Junior Gold Miners Index”). For a further description of the Junior Gold Miners Index, see “Junior Gold Miners Index.”       

The objective of ETF (NYSE: SGOL) the newly listed shares is to reflect the performance of the price of Gold bullion, less the Trust’s operating expenses. The Trust is open ended and is designed for investors who want a cost-effective(1) and convenient(2) way to invest in Gold as well as diversify their Gold holdings.       

The investment ETF (NYSE: UGL) will seek to replicate, net of expenses, twice the performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London. The fund normally invests assets in financial instruments with economic characteristics twice the return of the index. It may employ leveraged investment techniques in seeking its investment objective.       

The investment ETF (NYSE: DGL) seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Liquid Commodity Index – Optimum Yield Gold Excess Return. The index is a rules-based index composed of futures contracts on gold and is intended to reflect the performance of gold.       

The investment ETF (NYSE: DGP) seeks to replicate, net of expenses, twice the daily performance of the Deutsche Bank Liquid Commodity index – Optimum Yield Gold Excess Return. The index is intended to reflect changes in the market value of certain gold futures contracts and is comprised of a single unfunded gold futures contract.       

The objective ETF (NYSE: IAU) of the trust is for the value of its shares to reflect, at any given time, the price of gold owned by the trust at that time, less the trust’s expenses and liabilities. The trust is not actively managed. It receives gold deposited with it in exchange for the creation of baskets of iShares, sells gold as necessary to cover the trust’s liabilities, and delivers gold in exchange for baskets of iShares surrendered to it for redemption. The trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act.       

SHORT:       

The investment ETF (NYSE: DZZ) seeks to replicate, net of expenses, twice the inverse of the daily performance of the Deutsche Bank Liquid Commodity index – Optimum Yield Gold Excess Return. The index is intended to reflect changes in the market value of certain gold futures contracts and is comprised of a single unfunded gold futures contract.       

The investment ETF (NYSE: GLL) will seek to replicate, net of expenses, twice the inverse daily performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London. The fund normally invests assets in financial instruments with economic characteristics inverse to the index. It may employ leveraged investment techniques in seeking its investment objective.

NYSE:GLD, SLV