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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Knighty Tin who wrote (266751)11/11/2003 2:17:05 PM
From: ild  Read Replies (2) of 436258
 
<<<trust will be holding its gold>>>

The trust will be spending MY gold. -g-

The trust's costs will be paid for by selling gold from the vaults. This will, over time, reduce the gold supporting each note. However, with an initial cost structure of 0.2-0.3% of NAV per annum, value attrition should be slow.
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