The SPDR Gold Shares Trust (GLD) reported that holdings of gold bullion remained unchanged from the previous week, after dropping by 39.67 tonnes for the week ending August 24th.
On a year to date basis, GLD gold holdings have declined by 48.41 tonnes as the price of gold has increased by $425 (30.6%) from the first of the year. Why would the GLD show a decline in gold holdings as the price of gold has soared? Even more interesting, the GLD reached a record high of gold holdings on June 29, 2010 when it held 1,320.47 tonnes and gold was selling at $1,234.50. From June 29, 2010, while gold has soared by $579 per ounce, the GLD has actually seen a decline in gold holdings of 88.16 tonnes.
The decline of gold holdings by the GLD as the price of gold bullion has skyrocketed indicates that investor preference for gold investment has diversified. The demand for physical gold has soared as the world financial system becomes more precarious with each passing day. Confidence in paper assets is becoming more fragile as hapless central banks desperately print money and drive rates to zero in a futile attempt to restore economic growth. Investors looking for the ultimate safe haven feel more comfortable holding physical gold.
There have been questions raised about the safe keeping and even the existence of the gold held by the GLD. Although these concerns appear to be unwarranted, the financial panic of 2008 blatantly exposed the fact that even institutions considered to be rock solid wound up failing. (Also see GATA dispatch - How exchange traded fund GLD lets you pretend to own gold).
The SPDR website stresses that the gold with the SPDR Trust is deposited in an allocated account. According to the SPDR Gold Trust, "An allocated account is an account with a bullion dealer, which may also be a bank, to which individually identified gold bars owned by the account holder are credited. The account holder has full ownership of the gold bars and, except as instructed by the account holder, the bullion dealer may not trade, lease or lend the bars."
Another reason why the GLD gold holdings have not expanded is competition from numerous other gold trusts such as the Sprott Physical Gold Trust which has advantages over the SPDR Gold Trust.
In addition, the shares of many gold mining companies are selling at extreme discounts and investors may be moving funds from gold trusts such as the GLD into mining shares (see Gold Shares Are Positioned For Explosive Move Up).
The GLD currently holds 39.6 million ounces of gold valued at $71.8 billion.
Meanwhile, the case for holding gold grows stronger as concerns about the stability of the world financial system continue to increase.
The Wall Street Journal disclosed today that Goldman Sachs, in a confidential report, estimates that European banks will need as much as $1 trillion in additional capital and that the current situation in world markets is similar to those that preceded the 2008 financial panic.
According to the Wall Street Journal, strategist Alan Brazil of Goldman told clients "Here we go again. Solving a debt problem with more debt has not solved the underlying problem. In the US, Treasury debt growth financed the US consumer but has not had enough of an impact on job growth. Can the US continue to depreciate the world's base currency?"
GLD and SLV Holdings (metric tonnes)
Holdings of the iShares Silver Trust (SLV) dropped by 89.38 tonnes this week after increasing by 109.08 tonnes for the week ending August 24th. The SLV currently holds 313.4 million ounces of silver valued at $13 billion.
T-ShirtFrenzy offers over 30,000 designs on tons of products to offer millions of variations. You can search our store for something for everyone on your gift list or shop for yourself (our personal favorite). Please contact us with questions.
This is a fun way to express your opinion while keeping the environment safe. The design is printed on the front of the bag in vibrant colors and is washable.
Motorized Electric Coin Sorter. Brookstones motorized coin banks quickly and accurately sort and store your extra change. Pour pocket change into one of these convenient electronic coin sorters and it channels your coins into wrappers. Built-in overflow area catches residual coins and prevents jamming. As Coin Tubes fill, extra coins will begin to spill into the Overflow Tray.Press the Power Button to turn unit off and remove filled coin wrappers.Reload the empty Coin Tubes with new paper wrappers and salvage the extra coins from the Overflow Tray. Continue sorting! Includes one set of coin wrappers; additional wrappers sold separately. Uses 2 C batteries (not included). The average American accumulates $600 in spare change each year. Our coin banks provide a simple and convenient way to collect, organize and cash in on your loose change. Five coin storage cylinders hold 50 cents in pennies, $5 in dimes, $2 in nickels, $10 in quarters, and $25 in dollar coins--thats over $42 in change. Electronic coin sorters from Brookstone provide an easy way to realize value from all the loose change around your house. Order yours online today!
For use in the exciting "Skill Stop" electronic slot machines, this is a refill token.Solid stamped metal, these tokens measure 30mm in diameter and have a great feel and sound.Hit the jackpot and listen to hundreds of these tokens chime in the money collector! *Note: Tokens shown are the two styles we carry; orders will be filled with whichever style we have in stock.
'For the collector with a keen eye for detail, the modern design of the Jefferson Nickel (1968-2009) is a canvas rich with history. Not only does the design feature Jefferson?s Virginia home, Monticello, it also features intricate changes from the earlier Jefferson Nickel designs. The story of this nickel and its evolving design is featured in this larger-than-average-size coin folder, along with 90 coin slots on three panels. With more slots than any other, this top-quality coin folder is a great gift.
T-ShirtFrenzy offers over 30,000 designs on tons of products to offer millions of variations. You can search our store for something for everyone on your gift list or shop for yourself (our personal favorite). Please contact us with questions.
Two Collector Struck Silver Plated Coins. Display included. Coins Removable. (Not currency. No Monetary value)
American presidents dollar coin collection folder
The Money ManagerTM Tallies and sorts your coins at the same time. Depositing, accessing and exchanging loose change has never been easier! This electronic smart bank keeps a running tally of your total savings and simultaneously sorts your quarters, dimes, nickels and pennies into four neat, denomination-specific compartments. Made of durable ABS plastic with easy-read LCD display...manual +/- controls for balancing the total for bulk deposits/withdrawals...and individual coin compartment release plugs. Requires 2 'AA' batteries (not incl.)
The Marshmallow Man is a vinyl bank! He's the break-out star of the Ghostbusters movie. Make sure your savings are Stay Puft safe! 
The face Peace Dollar 
This is a fun way to express your opinion while keeping the environment safe. The design is printed on the front of the bag in vibrant colors and is washable.
US Mint image of the Vicksburg National Military Park Quarter Bags and Rolls. Their debut sales were released by the US Mint this week.
T-ShirtFrenzy offers over 30,000 designs on tons of products to offer millions of variations. You can search our store for something for everyone on your gift list or shop for yourself (our personal favorite). Please contact us with questions.
Mike is prepared for another routine summer in Pensacola with his marine biologist father. But plans suddenly change and Mike finds himself on Shipwreck Island near the site where a Confederate ship sank and right in the middle of a century-old mystery! Although the ship was rumored to be carrying newly minted gold coins, no trace of the wreck and not even a single piece of Confederate gold has ever been found. Mike and his new friend Kyle are intrigued by a salvage ship anchored just offshore. Some say it was brought in by fortune hunters searching for the long-lost Confederate ship and its treasure. But when the boys scale a fence at the fort on the island and explore a section closed off to the public, they realize that the fortune hunters may be looking in the wrong place. There in the sand-covered floor of an abandoned chamber they spot something shiny: an old double-eagle gold coin. Mike and Kyle agree to keep their discovery a secret and start their own investigation into the shipwreck and the missing gold.
T-ShirtFrenzy offers over 30,000 designs on tons of products to offer millions of variations. You can search our store for something for everyone on your gift list or shop for yourself (our personal favorite). Please contact us with questions.
1993 Proof set new in original mint packaging
This is a fun way to express your opinion while keeping the environment safe. The design is printed on the front of the bag in vibrant colors and is washable.
Most adults remember playing this classic game as children, and now you can share it with your own children. These jacks and ball sets are an ideal games to place in Christmas Stockings, Easter Baskets, teacher award chests, or for special parent/child bonding. 
T-ShirtFrenzy offers over 30,000 designs on tons of products to offer millions of variations. You can search our store for something for everyone on your gift list or shop for yourself (our personal favorite). Please contact us with questions.
For use in the exciting "Skill Stop" electronic slot machines, this is a refill of 500 tokens.Solid stamped metal, these tokens feature various designs and are about the size of a United States quarter.24mm Hit the jackpot and listen to hundreds of these tokens chime in the money collector!
Kids love these cool steel safes. They are great for hiding their small toys and treasures. Our steel safe features a combination lock, coin slot, and heavy gauge steel contraction. Encourage Saving. Store all your valuable fun items in this safe bank that has a combination lock on the front and a coin slot on the top for easy money savings. Sold in assorted colors. black, blue and red.
The Disney/Pixar Collection celebrates the creative inspiration of the talented artists who contributed to the Toy Story 3 movie. Concept pencil sketches and storyboard artwork showcase these premium collectible figures of favorite Toy Story characters.
The Official Red Book A Guide Book of United States Coins is 65 years young and going strong. Collectors around the country love the convenience of the spiralbound edition. It opens up and lies flat on the table while you study your coin collection. And of course it includes all the historical background, detailed specifications, high-resolution photographs, and accurate mintage data that turn a new coin collector into an educated numismatist. How rare are your coins? How much are they worth? The Red Book tells you, covering everything from early colonial copper tokens to hefty Old West silver dollars and dazzling gold coins. You ll find prices for more than 6,000 coins, tokens, medals, sets, and other collectibles. You ll also round out your education in commemoratives, Proof and Mint coins, error coins, Civil War tokens, Confederate coins, private gold, and all the latest National Park quarters, presidential dollars, Lincoln cents, and more. Articles on investing, grading coins, and detecting counterfeits will make you a savvy collector; and entertaining essays on the history of American coinage, shipwrecks and hoards, and famous collections give you an inside look at the hobby of kings. These are just some of the features of the informative, entertaining, invaluable Red Book the world s best-selling coin price guide.
This Whitman Classic Coin Folder Will Hold One of Each of the Commemorative Statehood Quarters Issued 1999 Through 2008 FEATURES: Blue hardback style folder. Five pages, each holding ten quarters. Clear sheets cover front and back of each coin. Contains information on statehood quarter act as well as information on each state. INCLUDES: Folder Five Pages Clear Sheets SPECS: 7-1/4"" x 8-3/4"" REQUIRES: State quarters
T-ShirtFrenzy offers over 30,000 designs on tons of products to offer millions of variations. You can search our store for something for everyone on your gift list or shop for yourself (our personal favorite). Please contact us with questions.
This is a fun way to express your opinion while keeping the environment safe. The design is printed on the front of the bag in vibrant colors and is washable.
The chosen apprentice of the Sith Lord, Darth Maul has undergone years of demanding and sometimes brutal training in order to become a Sith. After expertly wielding his lightsaber to prove his skill, he bows respectively before his master.
1 1/2 " ROUND 
D.C. & U.S. Territories Quarter Folder 2009. This beautifully designed folder displays all 6 coins designed for the District of Columbia & U.S. Territories Quarter Series. Inside you will find satellite atlas images with each location marked along with a short narrative for each: the District of Columbia, Puerto Rico, Guam, American Samoa, U.S. Virgin Islands and Northern Mariana Islands. Made in USA.
Two of the most popular collectibles today team up! Now you can own a 2001 North Carolina State Quarter Colorized with Dale Earnhardt Sr.s portrait. Colorized coins are one of the fastest growing collectibles today. 
The US Mint released four new coins last week, resulting in five new products and solidly higher numismatic sales overall. 
In 2005, the United States Mint brought back one of America's favorite coins...a new Buffalo Nickel design for the first time in 67 years! Composition is copper nicke and diameter is 21.2 mm with a grade of uncirculated.
2011 American Buffalo Gold Proof Coin
The Design/Saying is printed on the front of the product, we use the newest & best technology to print the design with great inks that are cured into the product. This new high tech way of producing garments is very fade resistant. WE DO NOT USE TRANSFERS. It is great, since you dont have that thick transfer feeling. The feel is very smooth and comfortable. T-ShirtFrenzy offers over 30,000 designs on tons of products to offer millions of variations. You can search our store for something for everyone on your gift list or shop for yourself (our personal favorite). Please contact us with questions.
We cannot take back product because it did not resell as you expected. We accept returns for manufacturer defects only.
? Powerful precision-ground glass lens brings minute detail to focus with 5X magnification ? Clear polycarbonate base allows hands-free viewing, allows natural light on subject ? For extra illumination turn on bright battery-powered light (2 AA batteries included) ? Excellent detail-examination of photographs, documents, plans and drawings ? Great for coin & stamp collectors, arts and craft projects, reading aid
2011 American Silver Eagle Proof Coin