OT
The easiest way to own precious metals directly, by far, is the Amex-traded Canadian Central Fund of Canada (CEF). Dundee sells at an even larger discount, but there are things about it that I don't understand. CEF is just plain metal, in vaults, insured. You don't have to take delivery, worry about storage, buy insurance, or try to beat a huge bid/ask spread.
But in addition to CEF, I own PDG, some PAAS (silver, of course), Krugerrands,Maple Leafs, and options of two maturities. I have owned ABX, Agnico Eagle, and some smaller golds in the past.
Except for doing things like visiting the Homestake gold mine, however, I find that investing in gold is in every respect most unrewarding. Gold is sterile, boring, out-dated, and mostly useless; investment in gold is the worst kind of parasitic and selfish and narrowing occupation. I do not bookmark or follow the gold threads on SI.
But investing in oil and oil drilling involves a lot more excitement, which is why I guess I first turned to this thread.Oil is involved in every sort of human activity, geographical region, and political situation.
It really would be best if discussion of gold were transferred to one of the gold threads. (I am not suggesting that you brought about this diversion of the thread topic). |
