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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: Chispas who wrote (96087)	10/20/2003 12:32:17 AM
From: The Vet	Read Replies (1) of 116764

On GOLD.ASX, I use it to hold cash in my brokerage account. The interest they pay is on cash balances in my brokerage account is minimal and I believe my chances of a capital appreciation on gold is greater than any significant loss. It also can be used as a currency hedge as well. I can sell one share (1/10 ounce) or 10000 shares (1000 ounces)from my keyboard just for the brokerage and buy it back a few minutes later again just for the brokerage, both transactions will be within a percent or so of the current spot price, if I want too. You can't do that with physical and the $100 AUD fee for delivery (for any quantity) is way less than COMEX or any Gold dealer charges and I can buy or sell the gold at the market quoted price; no extra fabrication charges or mark-ups.

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