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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Peter V who wrote (211580)7/21/2009 4:28:26 PM
From: NOWRead Replies (1) of 306849
 
Ho Ho ho
Greenlight has shifted their gold position from the gold trust exchange traded fund GLD to physical gold, citing cheaper fees for storage than expense ratios for the fund they were previously invested in. This is an intriguing move and we'd imagine other funds will eventually follow suit. After all, literally a ton of hedge funds are invested in GLD. And, most notably, John Paulson's hedge fund Paulson & Co has billions of dollars tied up in a GLD position. It will be interesting to see if other funds shift toward storing physical gold ala Einhorn.
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