More news on various gold scams with this article from Gold Investing News: "With reports that the GLD “was created and run by untrustworthy instititions”, Michael Pennington explains: “The gold and silver ETFs were created by such financial giants as JP Morgan and Barclay’s Bank that also serve as custodians and sub-custodians. These are the very firms that have been involved in the process of short selling gold and silver in huge quantities. That they would be involved in creating the ETFs had to be considered as most unlikely unless they had nefarious purposes.” More here: Gold Investing News

Where there's smoke, there's fire it is said. Well here you have a situation with a heck of a lot of smoke…and it's smoldering. If you are holding GLD ETF, perhaps it's time you looked at holding real bullion.