What's So Wrong With Gold ETFs

Heard on CNBC: Rick Santelli

• Not only that.. the other thing that scares the heck of me is the whole ETF scenerio, you look something like GLD, what you end up is ... the monetizing of paper and PRETEND is GOLD! You have so many people pushing up the price of gold up through these ETF, there isn't really enough GOLD to satisfy ...

Hmmm.... buy GOLD ETF??? Yeah, they might go up but you have to be kidding me, if I were to buy into such mania!

Would I die if I were to make less money?