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home / news releases / UGLD - Gold Is Historically Cheap To The Stock Market


UGLD - Gold Is Historically Cheap To The Stock Market

“The monetary authorities running the paper-money schemes of the present are anxious to forestall significant rises in the paper price of gold, because such rises would diminish confidence in the lasting value of the paper money in use today.”

- Hugo Salinas Price

The price of gold was victimized by yet another raid on the Comex paper gold market on Friday. The pattern has been repetitive over the last 15-20 years: hedge funds push the price of gold higher, accumulating a massive net long position in gold futures, while the Comex bullion banks feed their

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Stock Information

Company Name: VelocityShares 3x Long Gold ETN Linked to the S&P GSCI® Gold Index ER
Stock Symbol: UGLD
Market: NASDAQ

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