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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (87509)	6/28/2002 5:29:32 AM
From: Don Lloyd	Respond to of 116795

Bob - ...(equal amounts of each metal stored with the Bank of Nova Scotia)... In the fullness of time this certainly will not be true, as the stated plan is to buy equal value amounts of the three metals. It is not clear how sales and physical disbursements will be structured, or what the implications might be. At some point it is inevitable that a given metal will conservatively reach 40% of the value of the fund, and another may fall to 25%. It might be interesting to graph historical metal value percentages for arbitrary starting points of equal value. Regards, Don

To: goldsheet who wrote (87509)	6/28/2002 6:44:54 AM
From: long-gone	Respond to of 116795

<<New bullion fund: bullionfund.com The Millennium Bullionfund is a mutual fund trust designed to allow investors to conveniently purchase, hold, and liquidate gold, silver, and platinum investments in physical form. (equal amounts of each metal stored with the Bank of Nova Scotia)>> Very near what i said was needed more of 3 years ago, bet we'll see even more.

To: goldsheet who wrote (87509)	6/28/2002 10:37:10 AM
From: Douglas M. Benedict	Read Replies (1) \| Respond to of 116795

I refer you to the fees charged on page 8 of the prospectus,,,including 2% fee if redeemed under 90 days...limits this as a trading vehicle...(as well as a $25 fee at redemption if held over 90 days..) kinda gets you coming and going (grin)...besides the 2.25% MER... Also, subject to the typical black monday suspension privilege...(or by OSC ruling) Quote:"None of the officers of Bullion Management Services Inc. has ever managed a precious metals fund and each of them has limited experience with gold, silver and platinum bullion. Bullion Management Services Inc. is not registered as an adviser and for this reason the fund has a fixed investment objective" (page A-3) Seems like a high MER for passive non-management...(and operating expenses are an EXTRA cost to the fund)