SPDR Gold Trust (ETF) (NYSEMKT:GLD)

CAPS Rating: 2 out of 5

SPDR Gold Trust (the Trust), formerly StreetTRACKS Gold Trust, is an investment trust. The Trust holds gold, and from time to time, issues SPDR Gold Shares (Shares) in Baskets, in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. A Basket equals a block of 100,000 Shares.

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Player Avatar starbucks4ever (97.43) Submitted: 12/9/2009 7:31:18 AM : Underperform Start Price: $111.60 GLD Score: +6.52

Digging useless metal from under the ground to be purified, molded into bars, and buried in the ground again is hardly a valid investment activity. And don't tell me about industry uses. The supply of metal in the gold-bug's vaults is enough to provide the industry with all metal it needs for many years ahead. The rest is pure speculation, and a bad one at that because you're too close to the end of the line of Ponzi buyers.

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