The G20 London Summit and a New Gold Standard!

Thousands of demonstrators take part in ‘Put People First’ march through central London, 28 Mar 2009

This will be an important week for gold as the G20 convene in London, George Soros warns that this is make or break for the world economy and thousands of people take to the streets to vent their frustrations.

It is difficult to imagine that this G20 group meeting is nothing more than a talk fest with little in terms of positive actions coming out of it. However our national leaders are beating the drum of co-operation, unity and co-ordinated action as depicted by the following clips (read more…)

Comments

[Julian Smith, England]

Sirs,

I hold leveraged gold and silver ETFs. LBUL, LSIL.

Please can you comment on the risk holding these?
I understand physical is better. Can I get leverage on physical gold that is less riskier?

Many thanks in anticipation of your feedback,

Julian

[Silver Prices]

Julian,

We are not big fans of the ETFs and have covered them on the gold-prices site with articles such as this one:

http://www.gold-prices.biz/spdr-gold-trust-etf-a-safe-haven/

plus a couple of follow up articles.