Video - Nick Barisheff Cautions About Bullion ETFs

Get your physical, folks (and we're not talking about the doctor's office): ``the flaw with [bullion ETF] structure is that authorized participants typically borrow assets contributed to the etf and the equity field, they're borrowed from client margin accounts, other hedge funds, mutual funds and institutional investors. the problem is that they all work in a great trading vehicle in the short term but they're not something that you would use for owning the underlying assets or preserving wealth. the problem is that if anything goes wrong, you've got two claims on the same asset.''