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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 387.98

+1.3%

Nov 28 4:00 PM EST

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To: SouthFloridaGuy who wrote (15076)	9/20/2008 9:40:59 PM
From: JimisJim	2 Recommendations Read Replies (1) of 29622

I would recommend CEF vs. GLD... in CEF, you have direct percentage ownership of actual metal (Gold and Silver) on deposit in an actually audited storage/vault... GLD is a trade on the price action of gold, has no ownership of actual metal at all for the ETF shareholders... a group of "participants" actually own the metal... of course this is an oversimplification of the issue, but it comes from lots of time spent smoking out the differences between the two and distilling it. But as usual, this is my opinion only and encourage people to verify it on their own. I only offer a short cut to a starting point for info discovery. Disclosure, I have an overweight position in CEF... but also once traded GLD until I decided not to. Jim

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