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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: Richnorth who wrote (3710)	12/1/1997 5:35:00 PM
From: philv	Read Replies (2) of 116812

Richnorth: There is quite a considerable premium to buying the physical gold as compared to the certificates. The smaller the denomination of gold, the greater the premium. One also has to pay the shipping and insurance charge. Here in Canada, the banks also require you to pay in $US, so they make their usual commission on that conversion as well. Should you sell the gold, they are not going to give you the same price you have bought it at, also will agaiin charge you all the aforementioned commissions and charges. They don't make it easy. Cheers: Phil

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