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RE: New Bitcoin ETF Application May Actually Gain Approval!

in #bitcoin6 years ago

I would make the counter argument, because of Gold ETF trading supply and demand is out of wack. Large holders,through massive leverage, are able to force the market into a specific direction, without the physical asset ever changing hands. Jim Richards in his 3 books, make it clear that centralized government has an invested interest to suppress gold. They've actually stated as mush throughout history. Have a look at Greg Hunter's work on Youtube, to confirm blatant market manipulation in the Commodity sector, and big banks admitting it. That said, EFT trading is a reality and will impact the crypto sector, once/if introduced fully. Thanks for the stimulating article, I love the gold sector. If your ever in the mood for some BTC TA, head on over. Cheers.

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There some truth to that, though keep in mind that the largest gold ETFs are physically backed. Meaning every share is backed with physical gold.

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