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


To: russwinter who wrote (32216)11/11/2004 12:59:55 PM
From: Ramsey Su  Read Replies (2) | Respond to of 39344
 
setonresourcecenter.com

this is supposed to IPO next week.

I don't understand where the gold is going to come from. Have they already purchased or are they going to start buying?

Once the door is opened for easy gold "ownership", it only seems logical that this has to be very actively traded. Afterall, not many funds are going to run down the local coin store and buy a bunch of maple leaves the way they may buy some GLD.

Comments?



To: russwinter who wrote (32216)11/11/2004 1:38:08 PM
From: rnsmth  Read Replies (1) | Respond to of 39344
 
Gold Fund

I have a holiday today, and being at home I had the TV turned on. Whilst doing some channel surfing, I ran across Bob Pisani doing a report on the gold fund. He was excited. He said he was excited. He explained the fund pretty well, I thought/

ron



To: russwinter who wrote (32216)11/15/2004 1:13:05 AM
From: LLCF  Read Replies (2) | Respond to of 39344
 
<The filing of the product has been marred by legal wrangles. It represents a landmark decision for the SEC because no investment product listed on a US stock exchange is backed by a commodity. This because pension funds are not allowed to invest directly in commodities.>

I'm hearing from Merrill Lynch that this is just the tip... Silver, Copper, Oil, etc all coming down the pike. Got pork bellies?

DAK