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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (17056)	8/18/2003 2:04:06 PM
From: TheBusDriver	Read Replies (2) \| Respond to of 39344

<<Can I trade gold stocks for gold bullion yet ?>> No is the short answer. That is the rub, at some point even gold needs to be converted to "cash" to be spent. There will be some who will say they have bought things with gold, but I say to you, just try it. I did, and the bank gave me one of those blank looks they give people who they think has a screw loose. Only thing I have managed to buy with gold is CC's Goldbug report. And that was when POG was $259, CC is laughing all the way to the bank<g> Wayne

To: Proud Deplorable who wrote (17056)	8/18/2003 3:20:04 PM
From: Little Joe	Read Replies (1) \| Respond to of 39344

I would not call Russell the eternal bear. He was on the right side of the bull in stocks for a long time. Little joe

To: Proud Deplorable who wrote (17056)	8/18/2003 5:22:26 PM
From: austrieconomist	Read Replies (2) \| Respond to of 39344

Good question (gold stocks to gold). I have not navigated this yet but it is likely to be possible to buy the Australian gold ETF. Short of that route or physical gold I believe that Central Fund has significant bullion holdings. Tocqueville (TGLDX) has a much smaller holding of bullion in its holdings. You can also buy futures contracts, as I have done, heavily backed by cash so the innate volatility of a thinly margined account does not shake you out of this bull market. It will be interesting to see how Russell integrates the late (2 month) confirmation of the Industrials with the Transports in his Dow Theory analysis tonight. For short term timing the best I have seen is John Hussman and his weekly analysis is free.