The Latest SEC filing of the SPDR GLD fund, from August 10th, reveals something sinister is taking place in the world of Gold!
GLD is the fund your stockbroker recommends if you tell him/her you are thinking about physical Gold. This fund is controlled by the parent bank HSBC (Hong-Kong Shanghai Banking Corp.)
- On May 21st, the SPDR Gold Trust (GLD) was holding 70 tonnes of Gold at sub-custodian the Bank of England.
- On June 30th, the GLD held 40 tonnes of Gold at the Bank of England.
THIS IS BORROWED CENTRAL BANK GOLD!
This is yet another reason for you to hold Physical non-CUSIP Gold and Silver, off-exchange now!
Here is the full SEC Filing: https://www.sec.gov/ix?doc=/Archives/edgar/data/1222333/000119312520213577/d32807d10q.htm