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

To: re3 who wrote (31664)	10/18/2004 9:02:50 AM
From: I_C_Deadpeople	Respond to of 39344

AQI was just halted. must be the new reserve calc (or was it the scoping study we were waiting on?).

To: re3 who wrote (31664)	10/18/2004 3:36:56 PM
From: Jon Warren	Respond to of 39344

Hi guys thanks for the input. Here are the 3 choices posted: Central Gold Trust gold-trust.com They are a public company that only holds Gold bullion and Gold certificates. TSX Symbol GTU.UN Central Fund of Canada Limited centralfund.com They are a public company that holds both Gold and Silver bullion and certificates. Central is listed on the AMEX - Symbol CEF & Toronto Stock Exchange - Symbol CEF.A The Millennium BullionFund bmsinc.ca They are an open-end mutual fund. From their web site: “The fund invests at least 95% of its proceeds in equal dollar amounts of gold, silver and platinum bullion at the prevailing spot price each day. The Fund does not invest in mining company shares, futures contracts, futures options or precious metals certificates.” It’s stored in a bank in Toronto. The difference here is that the first 2 are public company’s that trade at a premium or discount from time to time and they have bought their assets and are sitting on them. In order to buy more assets they basically need to do another offering(more dilution). The mutual fund takes money from the investors and buys the metal at the days spot prices on an ongoing basis. They are also playing the swings in the price ratios between the metals. If silver goes up they are overweight in silver so they sell some silver and buy more gold and platinum and vise versa. So far I am leaning towards the Millennium Fund the most but it has some high fees and hasn’t been around too long. The triple play in metals would not be a positive if gold were to take off and leave the others behind on a permanent basis but there seems to be no history supporting such an outcome.