Hinde Capital attacks gold ETFs

Absolutely nothing new here. File this under a game of musical chairs. Until the music stops - the world realizes or care that they are nothing more than conduits to redirect demand from physical to paper, there's general disinterest.

Hinde says precious metals ETFs “should not be owned by serious professional investors” and in a highly provocative paper argues that double counting of gold holdings is “endemic” in the global financial system.

Source: ft.com