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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: basserdan who wrote (52582)2/4/2006 9:53:49 PM
From: PaperPerson  Read Replies (1) of 110194
 
Street Tracks Gold Shares? Read this from their site:
"Each share will initially represent 1/10th of one ounce of gold, but this will decline over time. This reduction in ounces per share will be reflected in the NAV of the Trust."

That is a direct quote from the site, under "How to Buy and Sell" Here is the link.

streettracksgoldshares.com

In my view, this is analagous to walking into a coin shop, buying a one-ounce Maple Leaf, and then expecting it to gradually evaporate over the years you kept it in your safety deposit vault. The thing I value gold for is that it KEEPS its value. It doesn't shrink. If I want shrinkage, I'll just keep dollars!

Mike

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