prophecy update

MrTop

EOG Master

Investors Pile Into Gold, Seeking Safety From Market, Geopolitical Turbulence​

The SPDR Gold Shares exchange-traded fund on Friday notched its largest single day of inflows on record​




but nobody buys gold for investments
 

MonkeyF0cker

EOG Dedicated

Investors Pile Into Gold, Seeking Safety From Market, Geopolitical Turbulence​

The SPDR Gold Shares exchange-traded fund on Friday notched its largest single day of inflows on record​




but nobody buys gold for investments

Uhh. That's an index fund. Not gold.
 

MrTop

EOG Master
Uhh. That's an index fund. Not gold.

GLD ---TICKER --- AUM real high

About SPDR Gold Shares​

SPDR Gold Shares is an investment fund incorporated in the USA. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.
 
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MonkeyF0cker

EOG Dedicated
that is a GOLD ETF knucklehead...... you are lost...YOU ARE A PHONY TRADER...

iT SAYS IT RIGHT IN THE SENTENCE.....lol


TICKER : GLD



LOL

Good Lord. You are absolutely clueless.

Index fund: An index fund is a mutual fund or exchange-traded fund designed to follow certain preset rules so that the fund can track a specified basket of underlying investments

That is NOT buying gold, dipshit.
 
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MrTop

EOG Master
Good Lord. You are absolutely clueless.

Index fund: An index fund is a mutual fund or exchange-traded fund designed to follow certain preset rules so that the fund can track a specified basket of underlying investments

That is NOT buying gold, dipshit.




look up GLD you dumb idiot
 

MrTop

EOG Master

About SPDR Gold Shares​

SPDR Gold Shares is an investment fund incorporated in the USA. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.



bloomberg
wall street journal
 

MrTop

EOG Master
Good Lord. You are absolutely clueless.

Index fund: An index fund is a mutual fund or exchange-traded fund designed to follow certain preset rules so that the fund can track a specified basket of underlying investments

That is NOT buying gold, dipshit.

Physical Gold vs. GLD, Other ETFs, and ETNs​




Updated June 11, 2020

Gold ETFs​

Gold exchange-traded funds (ETFs) give traders exposure to the price movements of gold without having to buy the physical underlying asset. Gold ETFs are typically structured as trusts. Under this structure, the ETF holds a certain number of gold bars for each share of the ETF issued. Buying a share of the ETF means owning a portion of the gold held by the trust.

Because these ETFs hold physical gold, their prices move with the price of gold over the short and long term. However, there are sometimes minor tracking errors when the ETF price deviates from its reference asset. When tracking errors occur, arbitrageurs quickly step in.

There are many gold ETFs. We will consider two of the most popular choices.

SPDR Gold Shares - GLD​

The SPDR Gold Shares ETF (GLD) is one of the largest gold ETFs. As of June 2020, the fund held roughly 36.49 million ounces at vaults in London and other locations, for a net asset value (NAV) of $63.43 billion. Each share of the ETF is worth 0.093995 ounces of gold.1
 

MonkeyF0cker

EOG Dedicated
Do you know what "reflect the performance" means, you bumbling retard?

It doesn't mean you're buying the underlying asset when you buy the ETF, you stupid fuck.
 

MrTop

EOG Master
Uhh. That's an index fund. Not gold.

About SPDR Gold Shares​

SPDR Gold Shares is an investment fund incorporated in the USA. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.



bloomberg
wall street journal
 

MrTop

EOG Master
You don't even know the difference between an ETF and a commodity.

You think the SPY doesn't buy and hold S&P stocks?

LMAO.

Holy fuck are you stupid.

About SPDR Gold Shares​

SPDR Gold Shares is an investment fund incorporated in the USA. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.
 

MrTop

EOG Master
Uhh. That's an index fund. Not gold.

GLD ---TICKER --- AUM real high


About SPDR Gold Shares​

SPDR Gold Shares is an investment fund incorporated in the USA. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.
 

MonkeyF0cker

EOG Dedicated

About SPDR Gold Shares​

SPDR Gold Shares is an investment fund incorporated in the USA. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.

LOL. You keep posting that like you have a clue what it's fucking saying.

HINT: It's saying everything I said, dipshit.

"REFLECT THE PERFORMANCE" Any clue what those words mean, retard? Clearly not. You think it means someone who buys GLD owns gold. LOL.
 

MrTop

EOG Master
LOL. You keep posting that like you have a clue what it's fucking saying.

HINT: It's saying everything I said, dipshit.

"REFLECT THE PERFORMANCE" Any clue what those words mean, retard? Clearly not. You think it means someone who buys GLD owns gold. LOL.



you got schooled again..you are no man Javy was right you are a dumb POS
 

MrTop

EOG Master
I don't? So you think there's only one commodity exchange where gold futures are traded?

It's you that's been confused this entire time, idiot.

You're in way over your head as usual.



AND U had No idea what AUM was ....LOL you had to grow up on a farm ..LOL
 

MonkeyF0cker

EOG Dedicated
JUST LOOK ABOVE you had no idea what AUM was along with GLD



LOL a stock trader.. Javy was right you go from website to website LOL

Go ahead and show me what I don't understand.

Feel free to explain it in your own words.

That should be hilarious.
 

MonkeyF0cker

EOG Dedicated

I​

The SPDR Gold Shares exchange-traded fund​



GLD NOT AN INDEX


AUM = assets under mgt

LMAO.

You are so dumb.

Argue with these people and tell them that GLD isn't an index fund, idiot.

Perfect article for an ignoramus like you BTW.

 

MrTop

EOG Master
"Not an index fund," says the retard.




you clipped if off the internet... y charts cost 3600 a year... you can't afford the wall street journal

you have no idea what you are reading..

go to investopedia and look up GLD it is a GOLD ETF not an index ...what an idiot u are

Go to wsj
 

MrTop

EOG Master

Basic Info​

[TABLE]
Investment Strategy
The investment seeks to reflect the performance of the price of gold bullion, less the expenses of the Trust’s operations. The Trust holds gold bars and from time to time, issues Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold.
[/TABLE]

[TABLE]
General
Security Type
Exchange-Traded Fund
Equity Style
--

Fixed Income Style
--
Broad Asset Class
Commodities
Broad Category
Commodities
Category Name
Commodities Focused
Category Index
Bloomberg Commodity TR USD
Prospectus Objective
Specialty - Precious Metals
Fund Owner Firm Name
SPDR State Street Global Advisors
[/TABLE]

[TABLE]
Prospectus Benchmark Index
LBMA Gold Price PM USD
100.0%
Broad Asset Class Benchmark Index
^BCTR
100.0%
Manager Tenure
Management Team
17.13 yrs
[/TABLE]
 
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