7 Reasons Not to Buy GLD

"Given my scathing criticism of most (so-called) bullion-ETFs, I frequently get reader questions about the prospectus of one fund or another. I freely confess to not having read these documents. My (stated) reasons for not doing so are that I do not, and would not hold such investments, and that I have already provided enough reasons to doubt the legitimacy of these investment vehicles that such an analysis would be moot. However, at the persistent urging of one reader, I finally caved in and went through the prospectus of The Mother of all Bullion Scams: GLD."
 


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