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To: patron_anejo_por_favor who wrote (271383)12/18/2003 5:56:23 PM
From: orkrious  Read Replies (2) | Respond to of 436258
 
especially since those clazy Asian Gambluhs at the BOJ just earmarked a TRILLION dollars for Forex intervention. Should help do in the Yen, along with the ClownBuck....


I too read that with interest today. s/b great for gold. what do you think about the stock market? do you think that they will be able to levitate that, or will deflation hit the market along with currencies?



To: patron_anejo_por_favor who wrote (271383)12/18/2003 8:41:15 PM
From: Tommaso  Read Replies (1) | Respond to of 436258
 
Oh for heaven's sake! As a person who was arguing the virtues of CEF about three years ago when it was selling at a discount to NAV, I say it's a very bad buy right now. Buy your own bullion; it's cheaper.

cefa.com

Why pay a 12% premium? If you don't want to mess with the physical, buy gold through Kitco and keep it on deposit with them.

I am long since out of CEF. The best value right now is DPM.TO, Dundee Precious Metals, with miners, selling at about a 22% discount.