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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (22458)11/25/2004 11:19:43 PM
From: patron_anejo_por_favor  Read Replies (3) of 110194
 
GLD buys futures, not the metal directly....a minor point (to me) but more significant to others. The main advantages CEF has is that it is comprised of about 30% silver. Because it's a closed end fund, once its bullion is purchased it is stashed away (in a bonded, insured and audited warehouse), never to be seen again on the open market. In a nutshell, CEF accepts delivery on the metal, GLD does not (from what I understand).
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