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

To: The Vet who wrote (96086)	10/19/2003 8:01:14 PM
From: Chispas	Read Replies (2) \| Respond to of 116764

The Vet, Thank you for your first hand experience !! I can see only one problem. Most people that invest in physical gold do so in such ways as to leave no "paper trail". (Obvious reasons) Good Luck !!

To: The Vet who wrote (96086)	10/19/2003 9:38:51 PM
From: marek_wojna	Read Replies (1) \| Respond to of 116764

<<They say that it is real, and I believe them! I own most of one of these bars and they have pictures of them, serial numbers, purity and weights all listed and if I wanted to, I could for a fee or $100 AUD ( $69 USD ) redeem my good delivery bar and pick it up.... >> There is only one question I have regarding your faith and all the others who believe in paper gold. Why they charge $100 for taking the delivery, shouldn't they be happy and pay you instead of charging? It cost money to store the gold, there is a risk involved, etc. None of the gold certificates issued by the banks in Canada have the written obligation on them to exchange them for the metal. Most of the people don't even realize this little fact, but IMO in the end the banks are at least more realistic than any source of "guaranteed" gold posession on paper. They know much better that in the case of real run from printed gold to heavyweight there isn't even small percentage to cover up demand. Fort Knox didn't have the independent audit since the 50's.