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

To: long-gone who wrote (89964)9/25/2002 7:46:01 AM
From: Don Lloyd  Respond to of 116815
 
l-g,

Gold enthusiasts long have floated the notion
of an exchange-traded fund for gold, a bulky
commodity that requires insurance and storage
fees. Exchange-traded funds, such as the
Nasdaq 100 Trust (QQQ), have swelled in
popularity because of minimal fees and the
flexibility to trade baskets of stocks real
time on an exchange.

The usefulness of this will depend, IMO, on its not trading at a premium to gold. In turn, that probably requires that it be easy to short in quantity so that large gold holders can arbitrage it successfully.

Does anyone know what the QQQ premium/discount behavior is relative to its components?

TIA, Don



To: long-gone who wrote (89964)9/25/2002 9:36:50 AM
From: Professor Dotcomm  Respond to of 116815
 
Back in the sixties a kilo of gold was a listed security on the Toronto Stock Exchange. I don't know when it got delisted - probably when Nixon took the US$ off gold convertibility.


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