Why are u guys so paranoid??? Its backed by 90-100% physical gold. if this is true the nwhy some etf have more difference then this % in price respect t ophysical gold or even on mcx future? .. coz ETF's do not invest all in physical god they keep some reserve funds .. this tells me to think etf like an MF and so it can go O "zero"
what if the benchmark to value currency is itself changed... what if the benchmark is changed from gold to oil???????
where as physical gold if benchmark moved from gold to oil also then too it will have some value which can not go zero...
what if the benchmark to value currency is itself changed... what if the benchmark is changed from gold to oil???????
where as physical gold if benchmark moved from gold to oil also then too it will have some value which can not go zero...
What benchmark are you talking bout my friend ?
You think US is printing all that currency backed up with Gold ?