What Happens If GLD Doesn’t Have The Physical Gold To Back Its Investment Funds?

This is the final installment of my interview with the CEO of GBI: Gold Bullion International, a Wall Street firm that facilitates trading in actual physical gold for retail and institutional investors directly through their brokerage account. This segment covers:

  • the ownership structure of GBI,
  • a direct comparison of direct ownership versus the GLD ETF,
  • a clarification of counterparty risk,
  • what happens if GLD et. al. are found out not to have the physical gold backing their fund that many parties anticipate,
  • and the ability of GLD and related ETFs to actually print thier own money..

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