Conclusion: The central point to owning gold is safety, and GLD is not safe. The only gold ETFs I recommend are those in Switzerland which are redeemable for physical gold.

• 结论：（文章）重点是拥有黄金是安全的，但是GLD是不安全的，我推荐唯一值得拥有的黄金ETF是可以赎回的瑞士实物黄金基金。