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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: gold$10k who wrote (32415)11/21/2011 4:31:17 PM
From: gold$10k1 Recommendation  Read Replies (4) of 48092
 
re: Direct Registration System (DRS)

I received this message today from Fidelity...

"Central Gold Trust (GTU) is not DRS eligible.
Sprott Physical Gold Trust (PHYS) is eligible for DRS but not currently participating."

I wrote to both companies to encourage them to participate.

Since my plan was to make GTU and PHYS my core bullion position within my IRA (prohibiting me from receiving stock certificates), I must rely on the financial health and integrity of my brokerages as my first line of security and SIPC as my 2nd line of security. Although I still feel that most of the major "brokerage only" retail companies are not at risk, I am thinking of dividing my assets among four brokerages rather than the current two. Those companies are

TD Ameritrade
Fidelity
Scottrade
Schwab

I would be interested in any comments.
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