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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: NOW who wrote (211611)7/21/2009 10:53:38 PM
From: orkriousRead Replies (2) of 306849
 
Greenlight has shifted their gold position from the gold trust exchange traded fund GLD to physical gold, citing cheaper fees for storage...It will be interesting to see if other funds shift toward storing physical gold ala Einhorn.

I don't see how it's possible that they can buy, transport and store the stuff for less than the 50 bps that GLD charges. There must be more to the story...maybe they don't like GLD's unauditable feature and they buy the conspiracy theories?
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