Dear CIGAs,

We all are pressed for time here because of the press of both corporate responsibilities and our desire to help you all through trying times safely.

As we begin to see the many ETFs for gold from all over the globe, our curiosity peaks. It simply looks impossible that all these enterprises are anything but paper tigers operating primarily in OTC derivatives, even if in some cases this is contra to their stated purposes.

It would be extremely helpful if any of you dealing with or familiar with the far flung world of ETFs would send us the latest reported levels of gold holdings, sourced with the name and exchange upon which the fund is trading. Alternatively, if you have proof ETFs are trading only paper, that information would be useful as well. All help would be deeply appreciated. Please provide sources!

Please email replies to Editor Dan at jsmineset@gmail.com.

Thank you all for your help,
Jim